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3 years ago

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

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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