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:
X^5+3x^4+81x+ 243
Step by step:
X^4*x=x^5
X^4*3=3x^4
81*x=81x
81*3=243
Answer:
.07 * 15.25 = 1.0675
Step-by-step explanation: