SOLUTION: Find the future value of $600 for invested for 5 years at 8% compounded semiannually

SOLUTION: Find the future value of $600 for invested for 5 years at 8% compounded semiannually

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Question 881475: Find the future value of $600 for invested for 5 years at 8% compounded semiannually
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
FV=600(1+0.08/2)^2*5
FV=600(1.04)^10
FV=600(1.48)
FV=$888.00
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