, with:

 being future value

 being principal, initial amount invested, or present value

 being interest rate

 being number of compounding periods, per year

 being time money is invested, in years

We then get: 





A, or future value = 700(1.36856905), or  

Answer by stanbon(75887)   (Show Source): You can put this solution on YOUR website!
 $700 at 8% compounded semiannually for 4 years

----------------------

A(t) = P(1+(r/n))^(nt)

A(4) = 700(1+(0.08/2))^(2*4)

------

A(4) = 700(1.04)^8

----

A(4) = 700*1.3686

----

A(4) = $958.00

---------------------

Cheers,

Stan H.

============ 

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