document.write( "Question 371331: how much money will there be in an account at the end of five years if $14000 is deposited at 4% interest compounded semi-annaully? ( assume no withdrawls are made.) \n" ); document.write( "

Algebra.Com's Answer #264675 by ankor@dixie-net.com(22740) $\"\"$ $\"About$

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how much money will there be in an account at the end of five years if $14000 is deposited at 4% interest compounded semi-annually? ( assume no withdrawals are made.)
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\n" ); document.write( "Use the compound interest formula
\n" ); document.write( "A = $\"p%281%2B%28r%2Fn%29%29%5Ent\"$
\n" ); document.write( "Where
\n" ); document.write( "A = the resulting amt after t years
\n" ); document.write( "p = initial amt (14000)
\n" ); document.write( "r = interest rate in decimals (.04
\n" ); document.write( "n = no. of times compounded per year (2)
\n" ); document.write( "t = no. of yrs (5)
\n" ); document.write( ":
\n" ); document.write( "A = $\"14000%281%2B%28.04%2F2%29%29%5E%282%2A5%29\"$
\n" ); document.write( "A = $\"14000%281.02%29%5E10\"$
\n" ); document.write( "A = $\"14000%2A1.218994\"$
\n" ); document.write( "A = $17,065.92
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