SOLUTION: If 7000 dollars is invested at an interest rate of 9 percent per year, find the value of the investment at the end of 5 years for the following compounding methods. Semiannual=

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Question 1035058: If 7000 dollars is invested at an interest rate of 9 percent per year, find the value of the investment at the end of 5 years for the following compounding methods.
Semiannual=

Found 2 solutions by addingup, MathTherapy:
Answer by addingup(3677) About Me  (Show Source):
You can put this solution on YOUR website!
7000(1+0.09/2)^2*5
7000(1.045)^10
7000*1.480 = your answer, use your calculator

Answer by MathTherapy(10551) About Me  (Show Source):
You can put this solution on YOUR website!

If 7000 dollars is invested at an interest rate of 9 percent per year, find the value of the investment at the end of 5 years for the following compounding methods.
Semiannual=
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