Thursday

January 29, 2015

January 29, 2015

Posted by **kristen** on Saturday, July 31, 2010 at 10:50am.

Determine the amount of each investment? $400 at 9% compounded semi-annually for 2 years i just need that answer and how too get it then i can do them thank you

- math -
**Henry**, Saturday, July 31, 2010 at 5:48pmAll calculations are based on the assumption that $400 is the initial

investment. If that is not true,let

me know and I'll redo the cal. based

on the new INFO.

Pt = Po * (r + 1)^n

r = ((9 / 12)/ 100) * 6 = 0.045 = Semi-

annual rate expressed as a decimal

n = 2 yr. / 0.5 = 4 = The number of

compounding periods.

Pt = 400 * (0.045)^4 = 477.01 = The

value of the investment after 2 yrs.

- math -
**kristen**, Sunday, August 1, 2010 at 5:20pmi dont understand still please help with showing how you got that answer thank you

**Answer this Question**

**Related Questions**

Math - The present value of an annuity due of $400 payable semi-annually is $...

math - A company wants to accumulate tsh 100000 to purchase replacement ...

math help plz! - When Cody's son was born, he put $4,500 in an investment that ...

Math! plz help! - When Cody's son was born, he put $4,500 in an investment that ...

Algebra - Greta invests $10,000 in an investment that pays 3% interest, ...

math & finance - A bank offers a rate of 5.3% compounded semi-annually on its ...

compounded interest - A bank offers a rate of 5.3% compounded semi-annually on ...

math - what will the value of my investment be on $3000 at 6% annual interest ...

pre calculus - Which is worth more after 5 years, an investment of $1000 at 5% ...

Math - I invested $45,6000 at 18% to be compounded semi-annually. What will be ...