document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=961371>Question 961371</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Alice Horn, owner of Horn's Ceramics Shop, loaned $12,000 to Pete Hall to help him open a deli. Pete plans to repay Alice at the end of 5 years with 8% interest compounded semiannually. How much will Alice receive at the end of 5 years? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #844614 by </B><A HREF=/tutors/aboutme.mpl?userid=mananth><B>mananth(16946)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mananth><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=mananth><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=844614\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Given P= 12000<BR>\n" );
document.write( "n=2<BR>\n" );
document.write( "t=5<BR>\n" );
document.write( "r= 8% = 0.08<BR>\n" );
document.write( "n= 2 so r = 0.04\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=12000%2A%281%2B0.04%29%5E%285%2A2%29 ALIGN=MIDDLE  ALT=\"A=12000%2A%281%2B0.04%29%5E%285%2A2%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "A= 17762.93\r<BR>\n" );
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document.write( "Alice will receive approximately $17,763 at the end of 5 years  </SPAN>\n" );
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