Kelly plans to put her graduation money into an account and leave it there for 4 years while she goes to college. She receives 15,000 in graduation money that she puts it into an account that earns 5% interest compounded semi-annually. How much will be Kelly’s account at the end of 4 years/ Find the Future Value.

Answer 1

just plug your numbers into the formula.
15000(1 + .05/2)^(2*4) = _____