Find the future value, using the future value formula and a calculator. (Give your answer to the nearest cent.)

$44.01 at 6.5% compounded semiannually for 2 years

44.01 (1+.065/2)^(2*2) = $50.02

Now, since we've shown you how to do this kind of stuff, and all your posts are on the same basic topic, why don't you stop mooching off our generosity and show us what you have done? If you get stuck, we'll be glad to help.

I do not appreciate the way you think I am mooching off your generosity. I have not been in school for a long time, I am 69 years old and going back to school because I have lost my job, and I want to go back to work instead of taking the government money.

To find the future value using the future value formula, you can use the formula:

FV = PV * (1 + r/n)^(nt)

Where:
FV = Future Value
PV = Present Value
r = Annual interest rate (in decimal form)
n = Number of compounding periods per year
t = Number of years

In this case:
PV = $44.01
r = 6.5% = 0.065 (6.5% expressed as a decimal)
n = 2 (compounded semiannually)
t = 2 (2 years)

Now, let's calculate the future value:

FV = $44.01 * (1 + 0.065/2)^(2*2)
FV = $44.01 * (1 + 0.0325)^4
FV ≈ $49.60 (rounded to the nearest cent)

So, the future value of $44.01 compounded semiannually at 6.5% for 2 years is approximately $49.60.