Booster: If $35600 is invested at an interest rate of 9 percent per year, compounded semi-annually, find the value of the investment after the given number of years. Each answer should be correct to the nearest penny. 5 years? 10 years? 15 years?

Tuesday, 17 June 2014

If $35600 is invested at an interest rate of 9 percent per year, compounded semi-annually, find the value of the investment after the given number of years. Each answer should be correct to the nearest penny. 5 years? 10 years? 15 years?

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