Asked by Debra

Find the future value of an investment of ​$10 ,500 if it is invested for six years and compounded semiannually at an annual rate of 3​%. Use the​ $1.00 future value table or the future value and compound interest formula.
Answered by Reiny
i = .03/2 = .015
n = 6(2) = 12

amount = 10500(1.015)^12
= ...
Answered by ma.angela
12 553.9908