posted by .

If $6,700 is invested at 4.6% interest compounded semi-annually, how much will the investment be worth in 15 years?

  • Math -

    6700(1+.046/2)^(2*15) = 13253.90

  • Math -


  • Math -


Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Algebra

    Greta invests $10,000 in an investment that pays 3% interest, compounded annually, for the first three years, then 9% interest, compounded annually, for the last three years. Rui invests $10,000 in an investment that pays r% for all …
  2. Math

    I invested $45,6000 at 18% to be compounded semi-annually. What will be the value of my investment in four years?
  3. math

    Find the balance in an account that has $700 invested at 5.5% for 4 years compounded semi-annually.
  4. pre calculus

    Which is worth more after 5 years, an investment of $1000 at 5% interest compounded semi - annually(twice a year). or an investment of $1000 at 5% interest compounded continuously?
  5. math

    Twenty years ago Gabe invested $2,000. For the first ten years he earned 13% compounded semi-annually. For the next ten years he earned 8% compounded quarterly. What was the value of the investment now, at the end of the 20 years?
  6. Financial Math

    An investment of $2500 accumulates at 6% p.a compounded semi annually for 3 years. At that time, the interest rate is changed to 5% compounded monthly. How much is the investment worth 2 years after the change in interest rate?
  7. Math (Asap)

    1. A 3,500.00 principal earns 3% interest, compounded semi annually. After 20 years, what is the balance in the account A. 7,700.00 B. 4,713.99 C. 5,600.00 D. 6,349.06 2. A boat costs 92,000.00 and depreciates in value by 15% per year. …
  8. Math: Compounded Interest

    A principal of $200 is invested at 5% interest rate annually. Determine the future value in 3 months' time if compounded: (a) Semi-annually (b) Quarterly
  9. college maths

    A property worth $15,000.00 is purchased for 10% down and semi-annual payments of $1750.00 for twelve years. What is the effective rate of interest if interest is compounded semi-annually?

    Find the accumulated value of a $5000 investment which is invested for 8 years at an interest rate of 12% compounded: (a) annually (b) semi-annually (c) quarterly (d) monthly (e) continuou

More Similar Questions