document.write( "Question 202505: if Grace invested $6000 semi-annually in corporate bonds, beginning March 31 1990. If the yield is 8% compounded semi-annually, determine the amount of the bond on October 1st 1992 \n" ); document.write( "
Algebra.Com's Answer #152773 by rfer(16322)![]() ![]() ![]() You can put this solution on YOUR website! FV=P(1+r/n)^(n*t) \n" ); document.write( "FV=6000(1+.08/2)^(2*2.5) \n" ); document.write( "Fv=6000(1.04)^5 \n" ); document.write( "FV=6000(1.2166529) \n" ); document.write( "FV=$7299.92 \n" ); document.write( " |