SOLUTION: Find the final amout of the investment $14,500 invested at 3% compounded semi-annually for 6.5 years.

Algebra ->  Exponential-and-logarithmic-functions -> SOLUTION: Find the final amout of the investment $14,500 invested at 3% compounded semi-annually for 6.5 years.      Log On


   

Question 248788: Find the final amout of the investment
$14,500 invested at 3% compounded semi-annually for 6.5 years.
Answer by scott8148(6628) About Me  (Show Source):
You can put this solution on YOUR website!
13 compoundings @ 1.5% each

14500 (1.015)^13 = 17596.51