Question

what will investment of 10 000 Yen amount to after 5 years if it earns 8% p.a. compund semi-annually ?
10,000*(1.04)^10
(The balance is increased by 4% ten times)

I get 14,802.44 Yen
(before taxes, if any)

The investment will double, to 20,000, in about nine years.

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