Post a New Question


posted by .

what is the future value of $2,000 in a bank account for 6 years at 4 percent compounded bimonthly

  • finance -

    Present value=PV=2000
    r=rate per period(6 periods/year)=(0.04/6)
    n=number of periods=6years*6periods/year=36
    Use following formula to calculate future value

Answer This Question

First Name
School Subject
Your Answer

Related Questions

More Related Questions

Post a New Question