document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=205767>Question 205767</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Please show your work:\r<BR>\n" );
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document.write( "$2,350 is invested in account paying 9% compounded semiannually.  How much will the account be worth after 8 years?  Show your work.\r<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #155383 by </B><A HREF=/tutors/aboutme.mpl?userid=Alan3354><B>Alan3354(69443)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Alan3354><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/cgi-bin/show-face.mpl?user=Alan3354><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=155383\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> $2,350 is invested in account paying 9% compounded semiannually. How much will the account be worth after 8 years?<BR>\n" );
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document.write( "8 yrs semi-annually = 16 periods<BR>\n" );
document.write( "r = 0.09/2 = 0.045<BR>\n" );
document.write( "FV = $2350*(1.045)^16<BR>\n" );
document.write( "FV = $2350*2.02237<BR>\n" );
document.write( "FV = $4752.57<BR>\n" );
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