Math  /  Algebra

QuestionProblem: Determine the accumulated value of an investment of $10,000\$ 10,000 for 5 years at a yearly interest rate of 5.5%5.5 \% if the money is compounded semiannually.

Studdy Solution
Multiply this result by the principal amount 1000010000:
A=10000×1.3144 A = 10000 \times 1.3144
A13144 A \approx 13144
Therefore, the accumulated value of the investment after 5 years is approximately \$13,144.

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