Question 1138052
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The 6.5% is an annual interest rate; when the value is compounded semiannually (twice a year), the money grows by half of the 6.5 percent twice a year.  With an initial amount of $9000 and a period of 8 years, the value at the end will be<br>
{{{(9000)(1+.065/2)^((8*2))}}}<br>
Use a calculator....<br>
(The answer is a bit over $15000....)