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enyata [817]
3 years ago
12

What is the future value of $1,740 in 16 years assuming an interest rate of 6.75 percent compounded semiannually?

Mathematics
1 answer:
schepotkina [342]3 years ago
3 0
Fv=p(1+0.0675/2)^2*16
Fv=p(1+0.0675/2)^32
Fv=5,033.22
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