SOLUTION: What is the future value of an initial investment of $5000 at annual rate of 10% interest compounded semi-annually for 5 years?

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Question 633346: What is the future value of an initial investment of $5000 at annual rate of 10% interest compounded semi-annually for 5 years?
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
FV=5000(1+0.10/2)^5*2
FV=5000(1.05)^10
FV=5000*1.628995
FV=$8,145