document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=537756>Question 537756</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Find the future value on $5,000 in three years if the interest is compounded semiannually at 12%.   </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #352990 by </B><A HREF=/tutors/aboutme.mpl?userid=TMils><B>TMils(8)</B></A><img src=\"/images/stars/stars-05.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=TMils><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=TMils><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=352990\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Find the future value on $5,000 in three years if the interest is compounded semiannually at 12%.  \r<BR>\n" );
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document.write( "semiannually = 2x/yr\r<BR>\n" );
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document.write( "A=P(1+r/n)^nt\r<BR>\n" );
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document.write( "A = 5000(1+(.12/2))^2x3\r<BR>\n" );
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document.write( "A = 5000(1.06)^6\r<BR>\n" );
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document.write( "A= $7092.60  (7092.595561 rounded up to the nearest 2 decimal places) </SPAN>\n" );
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