SOLUTION: If $20,000 is invested at an interest rate of 2% per year, compounded semiannually, find the value of the investment after 5 years.

SOLUTION: If $20,000 is invested at an interest rate of 2% per year, compounded semiannually, find the value of the investment after 5 years.

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Question 961759: If $20,000 is invested at an interest rate of 2% per year, compounded semiannually, find the value of the investment after 5 years.
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!

After 5 years the value is $22,092.44
check:

OK

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