Question

fatima opened a saving account with $7,500. she decided to deposit that same amount semiannually this account earns 3.975% interest compounded semiannually what is the future value of the account after 10 years​

Answer 1

I would use the formula
Initial x multiplier^time

So the initial is 7,500, the multiplier will be 1.03975 and then it would be to the power of 10 (time).

7500 x 1.03975^10 = $11,075.17