Anonymous

Principal amount 8000 Interest rate 1.8 percent per year = 0.018 Number of times compounded per year 2 Number of years 5 Amount after 5 years = 8000 ( 1 +0.018 / 2)^(10) = 8000(1.009)^(10) Amount after 5 years = $8,749.87

Anonymous

At the end of a 5 year term, the balance of an 8000 investment at a rate of 1.8 percent compounded semianually: $11,841.95 $11,842 (Rounded to the nearest dollar).

Anonymous

A = 8000(1+1.8/200)^10 = $8749.87 ≈ $8750

Anonymous

First 6 months: interest is 0.9%, figure the amount and add it to the principal. Second 6 months: interest is 0.9%, figure the new amount and add it to the principal. Third 6 months: do the same continue until the end of the 5 year period.