SOLUTION: If you invest $9,000 today, how much will you have in 25 years at 14 percent (compounded semiannually)?

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Question 242995: If you invest $9,000 today, how much will you have in 25 years at 14 percent (compounded semiannually)?
Answer by Alan3354(69443) About Me  (Show Source):
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If you invest $9,000 today, how much will you have in 25 years at 14 percent (compounded semiannually)?
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25 yrs semi-annually is 50 periods, at 7% per period.
FV = 9000*(1.07)^50 = 9000*29.457025
FV = $265,113.23