SOLUTION: farah invested her money in a bank that has a semi annual rate of 40% if she invested 10000 what would it be its value after 10 years

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Question 956660: farah invested her money in a bank that has a semi annual rate of 40% if she invested 10000 what would it be its value after 10 years
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
farah invested her money in a bank that has a semi annual rate of 40% if she invested 10000 what would it be its value after 10 years
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A(10) = 10,000(1+(0.40/2))^(2*10)
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= 10000(1.2)^20
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= 10000*38.34
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= 383,400
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Cheers,
Stan H.
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