If $20,000 is invested at an interest rate of 2% per year, compounded semiannual

Algebra
Tutor: None Selected Time limit: 1 Day

If $20,000 is invested at an interest rate of 2% per year, compounded semiannually, find the value of the investment after the given number of years. (Round your answers to the nearest cent.)
(a)     6 years
  

(b)     12 years
  

(c)     18 years
 
Jul 17th, 2015

a. 22536.50

b. 25394.69

c. 28615.38

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Jul 17th, 2015

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