SOLUTION: If 25400 dollars is invested at an interest rate of 9 percent per year, compounded semianually, find the value of the investment after the given numbers of years. 5 years: 10 yea

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Question 1034812: If 25400 dollars is invested at an interest rate of 9 percent per year, compounded semianually, find the value of the investment after the given numbers of years.
5 years:
10 years:
15 years:

Answer by fractalier(6550) About Me  (Show Source):
You can put this solution on YOUR website!
The equation for this is
A%28t%29+=+A%5B0%5D%281+%2B+r%2Fn%29%5Ent
I'll do the first one...you do the rest...
A%285%29+=+25400%281+%2B+.09%2F2%29%5E%282%2A5%29
= $39445.42