May 18, 2013 #1 J Jennie Member Joined May 30, 2008 Messages 70 Reaction score 0 Points 6 roger wants to invest $400 in savings certicates that bear an interest of 9.75% per year, compunded semianually . how long a time period should he choose to save an amount of $5000? how do you do this?
roger wants to invest $400 in savings certicates that bear an interest of 9.75% per year, compunded semianually . how long a time period should he choose to save an amount of $5000? how do you do this?
May 27, 2013 #2 I IrvS Member Joined Jun 1, 2008 Messages 51 Reaction score 0 Points 6 $400 x 1.0975^ n =$5000 Find n