i = .03/2 = .015
n = 6(2) = 12
amount = 10500(1.015)^12
= ...
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.
2 answers
12 553.9908