i am having problems figuring out how to find the answer to this problem:(adsbygoogle = window.adsbygoogle || []).push({});

nancy wants to invest $4000 in saving certificates that bear an interest rate of 9.75% per yr, compound semiannually. how long a time period should she choose inorder to save an amt of $5000?

the answer is approximately 2.3 yrs. i am not sure how to get this answer. pleasssseee help!!!!!!

**Physics Forums | Science Articles, Homework Help, Discussion**

Dismiss Notice

Join Physics Forums Today!

The friendliest, high quality science and math community on the planet! Everyone who loves science is here!

The friendliest, high quality science and math community on the planet! Everyone who loves science is here!

# Homework Help: Interest rate calculation help

**Physics Forums | Science Articles, Homework Help, Discussion**