document.write( "Question 135800: Hi can you help me with this math problem?\r
\n" ); document.write( "\n" ); document.write( "8.) Solve the problem\r
\n" ); document.write( "\n" ); 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
\n" ); document.write( "\n" ); document.write( "the answer should be $1316.81
\n" ); document.write( "

Algebra.Com's Answer #99501 by checkley77(12844)\"\" \"About 
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( "
\n" );