If $8,000 is invested at 5 % annual interest compounded semiannually, how much will the investment be worth in 6 years? Give your answer to the nearest dollar.

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asked Dec 13, 2022 209k views

16 votes

If $8,000 is invested at 5 % annual interest compounded

semiannually, how much will the investment be worth in 6 years? Give
your answer to the nearest dollar.

Mathematics
high-school

Thoslin asked

by Thoslin

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1 Answer

3 votes

8000 (1.025)^12

$10,759

Chanthu answered Dec 19, 2022

by Chanthu

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