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What is the future value of $1,000 after six months earning 12% annually?

What is the future value of $1,000 after six months earning 12% annually?
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What is the future value of $1,000 after six months earning 12% annually?

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User Biribu
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8.6k points

1 Answer

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$1,060

after six months you would have earned 6%
1% of $1000 is $10
so 6% is $60
just add it to the $1000
answered
User JamesL
by
9.4k points
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