document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=141635>Question 141635</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Please, I need your help.\r<BR>\n" );
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document.write( "Find the accumulated value of an investment of $8000 at 8% compounded semiannually for 6 years. Round your answer to the nearest cent.  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #103176 by </B><A HREF=/tutors/aboutme.mpl?userid=checkley77><B>checkley77(12844)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=checkley77><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=103176\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> p(1+r/n)^t*n (p=principle, r=rate, n=number of periods per year & t=number of years.<BR>\n" );
document.write( "8000(1+.08/2)^6*2<BR>\n" );
document.write( "8000(1+.04)^12<BR>\n" );
document.write( "8000(1.04)^12<BR>\n" );
document.write( "8000*1.601<BR>\n" );
document.write( "$12,808.26 amount of the investment after 6 years. </SPAN>\n" );
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