document.write( "Question 961759: If $20,000 is invested at an interest rate of 2% per year, compounded semiannually, find the value of the investment after 5 years. \n" ); document.write( "

Algebra.Com's Answer #587646 by josmiceli(19441) $\"\"$ $\"About$

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$\"+A+=+P%2A%28+1+%2B+r%2Fn+%29%5E%28+n%2At+%29+\"$
\n" ); document.write( " $\"++P+=+20000+\"$
\n" ); document.write( " $\"+r+=+2%25+\"$
\n" ); document.write( " $\"+n+=+2+\"$
\n" ); document.write( " $\"+t+=+5+\"$
\n" ); document.write( " $\"+A+=+20000%2A%28+1+%2B+.02%2F2+%29%5E%28+2%2A5+%29+\"$
\n" ); document.write( " $\"+A+=+20000%2A1.01%5E10+\"$
\n" ); document.write( " $\"+A+=+20000%2A1.104622+\"$
\n" ); document.write( " $\"+A+=+22092.44+\"$
\n" ); document.write( "After 5 years the value is $22,092.44
\n" ); document.write( "check:
\n" ); document.write( " $\"+22092.44+=+20000%2A1.01%5E10+\"$
\n" ); document.write( " $\"+1.104622+=+1.04622+\"$
\n" ); document.write( "OK
\n" ); document.write( " \n" ); document.write( "

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