Whats the future value of $1,500 after 5 years uf the appropriate interest rste is 6%, compoubded semiannually
1 answer:
Answer:
$2015.84
Step-by-step explanation:
To calculate the Future value (or accumulated value (AV)) for compounding interest you use the following formula
Where PV is present value
i is the interest rate
n is the number of times compounding a period
p is the number of periods (years)
so we have
If you put this in your calculator you get $2015.84
if you have any questions lmk
You might be interested in
Hello!
The mode is the number that appears the most in a data set. As you can see, 200 appears the most, so our mode is 200 .
I hope this helps!
Answer:
Use this simple interest calculator to find A, the Final Investment Value, using the simple interest formula: A = P(1 + rt) where P is the Principal amount of money to be invested at an Interest Rate R% per period for t Number of Time Periods.
Answer:
14
Step-by-step explanation:
Answer:
1
Step-by-step explanation:
Answer:
x = 1
Step-by-step explanation:
Rearrange equation by making x's on one side and numbers on the other
2x - x = 9 - 8
x = 1