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
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Answer by
ikleyn(52786)
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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
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Compound interest percentage problems
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Answer by
MathTherapy(10552)
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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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