Math  /  Word Problems

QuestionWhat will be the future value of a $10,000\$ 10,000 investment at 5%5\% interest, compounded semiannually, in 5 years?

Studdy Solution
Calculate the future value of the investmentV=$10,000×(1.025)10=$12,834V = \$10,000 \times (1.025)^{10} = \$12,834The 10,000investmentisworth10,000 investment is worth 12,834 in five years.

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