document.write( "Question 473362: a savings account investment of $1400 at 9% coumpounded yearly for 6 months what is the future value? \n" ); document.write( "
Algebra.Com's Answer #324627 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! a savings account investment of $1400 at 9% coumpounded yearly for 6 months what is the future value? \n" ); document.write( "---- \n" ); document.write( "A(t) = P(1 + (r/n))^(nt) \n" ); document.write( "--- \n" ); document.write( "A(1/2) = 1400(1 + (0.09/1))^(1/2) \n" ); document.write( "--- \n" ); document.write( "A(1/2) = 1500(1.09)^(1/2) = 1500*1.044 = $1566.05 \n" ); document.write( "=========== \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( "=========== \n" ); document.write( " |