Question 189936
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Working Eqn ----> {{{F=P(1+i/m)^(mn)}}}, 
where,
F= Future Value=<font color=blue>F</font>
P= Principal=<font color=blue>3,500</font>

i= interest=<font color=blue>8%</font>

n= terms/years=<font color=blue>14</font>

m= no. of times compounded=<font color=blue>2 (semi annually)</font>



{{{F=3500(1+0.08/2)^(14*2)}}}---> {{{F=3500(1+0.04)^28}}}
{{{F=3500(1.04)^28}}}
{{{F=3500(2.9987)}}}
{{{red(F=10495)}}}


Thank you,
Jojo</font>