document.write( "Question 831902: what is the future value of $4000 in a bank account for 8 years at 7 percent compounded bimonthly? \n" ); document.write( "

Algebra.Com's Answer #501724 by Fombitz(32388) $\"\"$ $\"About$

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Bimonthly means twice a month so in 8 years there will be $\"n=8%2A12%2A2=192\"$
\n" ); document.write( " $\"r=7%2F100%2F24=7%2F2400\"$
\n" ); document.write( ".
\n" ); document.write( ".
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\n" ); document.write( " $\"F=P%281%2Bi%29%5En\"$
\n" ); document.write( " $\"F=4000%281%2B7%2F2400%29%5E192\"$
\n" ); document.write( " $\"F=4000%281.749246%29\"$
\n" ); document.write( " $\"F=6996.99\"$
\n" ); document.write( "$6996.99 \n" ); document.write( "

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