SOLUTION: what is the future value of $4,000 in a bank account for 9 years at 6 percent compounded semiannually?

SOLUTION: what is the future value of $4,000 in a bank account for 9 years at 6 percent compounded semiannually?

Algebra.Com

Question 676278: what is the future value of $4,000 in a bank account for 9 years at 6 percent compounded semiannually?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
A=4000(1.03)2*9
A=4000*1.7
A=$6800.00
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