A $5,000 investment was purchased for $4220.50. The bond paid interest at a rate of 3.8% compounded semi-annually until the maturity date. What was the term of the investment?

Compounded Semi-Annually

Interest on a loan or investment calculated twice a year, adding each interest payment to the principal.

Bond Interest

The interest received by a bondholder, typically paid semi-annually, on the bond's face value.