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.

Question

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.

Reiny · Answer

i = .03/2 = .015 n = 6(2) = 12 amount = 10500(1.015)^12 = ...

ma.angela · Answer

12 553.9908

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.

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.