Question 217391: If I invest $9,000 today how much will I have in 25 years at 14% compounded semiannually? The compounded semiannually is what I do not understand how to do.
Answer by checkley77(12844)   (Show Source):
You can put this solution on YOUR website! P(1+r/n)^y*n where r=rate, n=number of periods per year, y=number of years.
9,000(1+.14/2)^25*2
9,000(1.07)^50
9,000*29.457=$265,113 ans.
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