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What is the future value of $1,740 in 16 years assuming an interest rate of 6.75 percent compounded semiannually?

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asked Sep 9, 2018 103k views

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What is the future value of $1,740 in 16 years assuming an interest rate of 6.75 percent compounded semiannually?

Mathematics
high-school

Nbonbon asked

by Nbonbon

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Fv=p(1+0.0675/2)^2*16
Fv=p(1+0.0675/2)^32
Fv=5,033.22

Boris Burkov answered Sep 13, 2018

by Boris Burkov

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What is the future value of $1,740 in 16 years assuming an interest rate of 6.75 percent compounded semiannually?

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