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(52781) About Me  (Show Source):
You can put this solution on YOUR website!
.

Future value = 3677%2A%281%2B0.0614%2F2%29%5E%282%2A4%29 = 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
in this site.


Answer by MathTherapy(10552) About Me  (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