I think the answer is 7/8
Answer:
The future value of this initial investment after the six year period is $2611.6552
Step-by-step explanation:
Consider the provided information.
A student desired to invest $1,540 into an investment at 9% compounded semiannually for 6 years.
Future value of an investment: 
Where Fv is the future value, p is the present value, r is the rate and n is the number of compounding periods.
9% compounded semiannually for 6 years.
Therefore, the value of r is: 
Number of periods are: 2 × 6 = 12
Now substitute the respective values in the above formula.




Hence, the future value of this initial investment after the six year period is $2611.6552
Answer:
The answer is 325.3
Step-by-step explanation:
I hope this helped I used a calculator sorry if I'm late and I hope this isn't wrong
0.550×$60 = $33
$60- $33= $27.00
Therefore, the answer is $27