Answer:
$8100·1.024^28
Step-by-step explanation:
The future value formula is ...
FV = P(1 +r/n)^(nt)
where P is the principal invested, r is the annual interest rate, n is the number of times per year interest is compounded and t is the number of years. Putting the given numbers in place of the corresponding variables gives the expression you want:
FV = $8100(1 +.048/2)^(2·14)
FV = $8100·1.024^28 . . . . . simplified
1/5
I think you go to the number 1 on the bottom and you go up 5 and there's your answer?
48
D
Hope this helps!
:)
