document.write( "Question 135800: Hi can you help me with this math problem?\r
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document.write( "8.) Solve the problem\r
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document.write( "An initial investment of $1000 is appreciated for 4 years in an account that earns 7% interest, compounded semiannually. Find the amount of money in the account at the end of the period. \r
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document.write( "the answer should be $1316.81 \n" );
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Algebra.Com's Answer #99501 by checkley77(12844)![]() ![]() ![]() You can put this solution on YOUR website! P(1+R/N)^A*N P=PRINCIPLE, R=RATE, N=NUMBER OF INSTALLMENTS PER YEAR & A=NO. OF YEARS. \n" ); document.write( "1000(1+.07/2)^4*2 \n" ); document.write( "1000(1.035)^8 \n" ); document.write( "1000(1.31681) \n" ); document.write( "$1,316.81 ANSWER. \n" ); document.write( " |