posted by Debra

Find the future value of an investment of ​\$10 ,500 if it is invested for six years and compounded semiannually at an annual rate of 3​%. Use the​ \$1.00 future value table or the future value and compound interest formula.

1. Reiny

i = .03/2 = .015
n = 6(2) = 12

amount = 10500(1.015)^12
= ...

2. ma.angela

12 553.9908

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