document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=775058>Question 775058</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Please help me solve this problem, can you please show and explain the work? I feel I am missing a very simple step. Thank you\r<BR>\n" );
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document.write( "What is the future value of $3000 in a bank account for 9 years at 6% compounded bimonthly?   Round to the nearest cent. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #472630 by </B><A HREF=/tutors/aboutme.mpl?userid=rfer><B>rfer(16322)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=rfer><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/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=472630\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Every other month or twice a month?<BR>\n" );
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document.write( "twice a month<BR>\n" );
document.write( "FV=3000(1+0.06/24)^24*9<BR>\n" );
document.write( "FV=3000(1.0025)^216<BR>\n" );
document.write( "FV=3000(1.71485)<BR>\n" );
document.write( "FV=$5144.55<BR>\n" );
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document.write( "every other month<BR>\n" );
document.write( "FV=3000(1+0.06/6)^6*9<BR>\n" );
document.write( "FV=3000(1.01)^54<BR>\n" );
document.write( "FV=3000(1.71141)<BR>\n" );
document.write( "FV=$5134.23 </SPAN>\n" );
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