math
posted by john
$18,500 at 4.5% compounded semiannually for 5 years

Damon
18500 * (1 + .045/2)^10

helper
$18,500 at 4.5% compounded semiannually for 5 years
A(t) = P(1 + r/n)^nt
A(5) = 18500(1 + 0.045/2)^(2(5))
A(5) = 18500(1 + 0.0225)^10
A(5) = 18500(1.0225)^10
A(5) = 18500(1.24920)
A(5) = 23110.26 interest
18,500 + I = total value after 5 yrs 
Damon
I think A(5) is the total value.

helper
Yes, Damon is right.
A(5) is the total value.
I meant to put,
$18,500 + 4610.26 Interest = $23,110.26
after 5 years
Respond to this Question
Similar Questions

Finances and Math
Can someone please help me solve these problems or help me find an easy formula? 
Accounting
How do I calculate the future value of the following? 
math
Semiannually deposits of $400 are made for 10 years into an annuity that pays 7% compounded semiannually 
Math
Find the total investment and the interest earned when $2,500 is invested at 5% compounded semiannually for 3 years. 
Calc
Find the present value of $14000 due in 9 years at the given rate of interest. (a) 2%/year compounded semiannually? 
math
find the accumulated value of an investment of $10000 for 5 years at an interest rate of 5.5% if the money is a. compounded semiannually; b. compounded monthly; c. compounded continuously. 
Math
$500 in 15 years at 8% annual interest compounded semiannually. 
Math
$500 in 15 years at 8% annual interest compounded semiannually. P = $500 Time = 30 years Rate = 4% $500(1+.08/2)^(2*15) = $1621.70 
Math
If $37,500 is invested at 6.3% for 30 years, find the future value if the interest is compounded annually,semiannually, quarterly, monthly 
Business Math
Lisa Richter deposited $5,000 at 4% compounded semiannually for three years. At the beginning of the fourth year, Lisa deposited $2,500. What would her balance be at the end of five years assuming she is still earning 4% compounded …