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Popular Word Problems >

Find the future value and interest earned if 8706.56 is invested for 9 years at 5% compounded semiannually

Solução

F in d t h e f u t u re v a l u e an d in t eres t e a r n e d i f 8706.56 i s in v es t e d f or 9 ye a rs a t 5% co m p o u n d e d se miann u a ll y

Solução

Interest : 4872.7

Passos da solução

Translate the problem into an equation:

13579.26 = 8706.56 + I

Resolver para

I, 13579.26 = 8706.56 + I : I = 4872.7

Interest : 4872.7

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