Oberrannaana Oberrannaana

24-02-2017
Mathematics

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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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Aliwohaish12 Aliwohaish12

25-02-2017

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

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