document.write( "Question 128201: Grace invested money at Edhelper bank two years ago. SHe signed up for a CD that paid 4% yearly interest, compounded semiannually. The interest is added to the balance and is accumulated with the original investment. At the end of two years, her account is worth $2,273.11. How much was her initial investment? \n" ); document.write( "
Algebra.Com's Answer #93869 by josmiceli(19441)\"\" \"About 
You can put this solution on YOUR website!
The formula is:
\n" ); document.write( "\"A+=+P%2A%281+%2B+%28r%2Fn%29%29%5E%28nt%29\"
\n" ); document.write( "\"P\" is the initial investment
\n" ); document.write( "\"A\" is the amount after \"t\" years
\n" ); document.write( "\"n\" is the number of times
\n" ); document.write( "per year interest is compounded
\n" ); document.write( "\"t\" is the number of years invested
\n" ); document.write( "\"2273.11+=+P%2A%281+%2B+%28.04%2F2%29%29%5E%282%2A2%29\"
\n" ); document.write( "\"2273.11+=+P%2A%281.02%29%5E4\"
\n" ); document.write( "\"P+=+2273.11+%2F+1.08243\"
\n" ); document.write( "\"P+=+2100\"
\n" ); document.write( "Her initial investment was $2,100
\n" ); document.write( "
\n" );