Question

Find the accumulated value of an investment of $2000 at 8% compounded semiannually for 9 years

Answer 1

2 856.4925 dollars

Answer 2

the total amount you'll have including your money

Answer 3

Using A=P(1+(r/n))^(nt) where A is the total amount, P is the principle (the starting amount), r is the interest rate, n is the number of times per year the interest is compounded, and t is the number of years -

A=2000(1+(0.08/2))^(2*9)
A=$4051.633

Hmm, this is different from @jygebs' answer, one of us must be doing something wrong... do you know what the correct answer is, @hallbrookerenee ?