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what is the answer to: 3,500(1+8/2)^2^15

 Apr 1, 2015

Best Answer 

 #1
avatar+128474 
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This looks like you want to know the ending amount for an investment of $3500 compounded semi-annually for 15 years at 8% per annum.....if so we have...

3,500(1+.08/2)^2^15 =

3500(1.04) ^30  =

 

about $ 11,351.89  

 

  

 Apr 1, 2015
 #1
avatar+128474 
+5
Best Answer

This looks like you want to know the ending amount for an investment of $3500 compounded semi-annually for 15 years at 8% per annum.....if so we have...

3,500(1+.08/2)^2^15 =

3500(1.04) ^30  =

 

about $ 11,351.89  

 

  

CPhill Apr 1, 2015

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