The amount that was invested 17 years ago is $2064.25.
The interest earned is $7935.75.
<h3>What is the amount invested 17 years ago?</h3>
The formula that would used to determine the amount that was invested 17 years ago is:
P = FV / (1 + r)^nm
Where:
- FV = Future value = 10,000
- P = Present value
- R = interest rate = 9.5 / 2 = 4.75%
- m = number of compounding = 2
- N = number of years = 17
10,000 / (1.0475)^(17 x 2) = $2064.25
Interest earned = 10,000 - 2064.25 = $7935.75
To learn more about future value, please check: brainly.com/question/18760477
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Answer:
4.4721
Step-by-step explanation:
Because pi is a non terminating number which means it repeats but not the same numbers one after another
You can look it up on Math.com or some kind of math website. There are plenty of options. Also, there are practice tests that you can take to see if you understand the subject.
Step-by-step explanation:
