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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.

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.
asked 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.

asked
User Thoslin
by
7.7k points

1 Answer

3 votes
8000 (1.025)^12

$10,759
answered
User Chanthu
by
7.2k points
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