44.01 (1+.065/2)^(2*2) = $50.02
Now, since we've shown you how to do this kind of stuff, and all your posts are on the same basic topic, why don't you stop mooching off our generosity and show us what you have done? If you get stuck, we'll be glad to help.
Find the future value, using the future value formula and a calculator. (Give your answer to the nearest cent.)
$44.01 at 6.5% compounded semiannually for 2 years
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I do not appreciate the way you think I am mooching off your generosity. I have not been in school for a long time, I am 69 years old and going back to school because I have lost my job, and I want to go back to work instead of taking the government money.
1 answer