SOLUTION: If $3677 is invested at 6.14% for 4 years, find the future value if the interest is compounded semi-annually. Round to the nearest cent.

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Question 1160324: If $3677 is invested at 6.14% for 4 years, find the future value if the interest is compounded semi-annually. Round to the nearest cent.

Found 2 solutions by ikleyn, MathTherapy:
Answer by ikleyn(52786)   (Show Source): You can put this solution on YOUR website!
.

Future value =  = 4683.30  dollars.    ANSWER

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To see many other similar solved problems on compounded interest accounts,  look into the lesson
    - Compound interest percentage problems
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Answer by MathTherapy(10552)   (Show Source): You can put this solution on YOUR website!

If $3677 is invested at 6.14% for 4 years, find the future value if the interest is compounded semi-annually. Round to the nearest cent.
Future Value, or  

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