The future value of $1,000 invested at 8% compounded semiannually for five years is 
<u>Solution:</u>
----------- equation 1
A = future value
P= principal amount
i = interest rate
n = number of times money is compounded
P = 1000
i = 8 %

(Compounding period for semi annually = 2)

Dividing “i” by compounding period

Solving for future value using equation 1



Answer:

Step-by-step explanation:
Further Solving :

Answer:// Solve equation [1] for the variable y
[1] y = 2x - 3
// Plug this in for variable y in equation [2]
[2] -2•(2x-3) + 2x = 2
[2] - 2x = -4
// Solve equation [2] for the variable x
[2] 2x = 4
[2] x = 2
// By now we know this much :// Solve equation [1] for the variable y
[1] y = 2x - 3
// Plug this in for variable y in equation [2]
[2] -2•(2x-3) + 2x = 2
[2] - 2x = -4
// Solve equation [2] for the variable x
[2] 2x = 4
[2] x = 2
// By now we know this much :
y = 2x-3
x = 2
// Use the x value to solve for y
y = 2(2)-3 = 1
y = 2x-3
x = 2
// Use the x value to solve for y
y = 2(2)-3 = 1
Step-by-step explanation:
It is a very simple answer but it works!