Question 205413
It really helps if you have a Scientific or Business Calculator that you can perform funtions with exponents. Get a Texas Instrument for about $15.
FV=P(1+r/n)^nt
FV=1000(1+.08/4)^4*2
FV=1000(1+.02)^8
FV=1000(1.02)^8
FV=1000*1.171659
FV=1171.66