John invested $17,500 that
earns 5.2% compounded semiannually for 10 years. what is the future value of the investment after 10 years

The future value of the investment after 10 years is $ 29,240.53

Step-by-step explanation:

1. Let's review the information given to us to answer the question correctly:

Principal = $ 17,500

Interest rate = 5.2% = 0.052 compounded semiannually

Time = 10 years = 20 semesters

2. What is the future value of the investment after 10 years?

Let's use the formula of the Future Value, to calculate it for this investment:

FV = P * (1 + r) ⁿ

Let's replace with the real values:

FV = 17,500 * (1 + 0.052/2)²⁰

FV = 17,500 * 1.670887521

FV = 29,240.53

(2,20) means that the 2 is 2 hours and 20 is 20$. so there both 20$ for 2 hours only the same price. like it says. so, the dunk tank and the bounce house are the same price (20$) for the same amount of time (2 hours).

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