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Oberrannaana Oberrannaana
  • 24-02-2017
  • Mathematics
Answered

What is the future value of $1,740 in 16 years assuming an interest rate of 6.75 percent compounded semiannually?

Verified Answer :

Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 25-02-2017

Fv=p(1+0.0675/2)^2*16
Fv=p(1+0.0675/2)^32
Fv=5,033.22

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