HELP!!! Find the accumulated value of an investment of $20,000 at 8% compounded semiannually for 9 years.?

There are 18 compounding periods and each compounding period, it will add 4%. So the formula is

20,000*(1.04^18)

=40,516.33

I believe it is $40,516.30

Do it in a spreadsheet, after 6 months it will be

(20,000) * (1 + .08/2) = 20,800

Then after 2 x 6 months it will be

(20,800) * (1 + .08/2) = ...

Keep going until you get through 18 time periods = 9 years

this website will show you how to use the compound interest formula. be sure to remember that 8% should be written as .08 and how many times "semiannually" is (a year. sometimes they try to confuse you by giving you rate and time in different units like months and years. be sure to use the same unit.)

To get a real value, of your money over that time period. You need to adjust that 8% for inflation. An estimated inflation rate of 4% would be good.

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