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March 24, 2017

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How much did you invest at 9% compounded bi-weekly if 10 years later the investment is worth $54,000?

  • Math - ,

    follow this example

    http://www.jiskha.com/display.cgi?id=1301189739

  • check - Math - ,

    I thought it was the same question, but it is not

    let the investment be x

    i = .06/26 = .0023077
    n = 10(26) = 260
    x(1.0023077^260) = 54000

    solve for x

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