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



The answer is 96 for this
Answer:
54.50
Step-by-step explanation:
10 * 5 + 9%
50 + 9% (4.50) = 54.50