Question 983777
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*[tex \LARGE \ \ \ \ \ \ \ \ \ \ FV\ =\ PV\left(1\ +\ \frac{r}{n}\right)^{nt}]


where *[tex \Large FV] is the future value, *[tex \Large PV] is the present value, *[tex \Large r] is the interest rate expressed as a decimal, *[tex \Large n] is the number of compounding periods per year, and *[tex \Large t] is the number of years of the investment.


*[tex \LARGE \ \ \ \ \ \ \ \ \ \ FV\ =\ 1950\left(1\ +\ \frac{.0425}{4}\right)^{4*0.5}]


Get out your calculator. You should round your answer to the nearest hundredth of a dollar because that is what the Credit Union is going to do.


John
*[tex \LARGE e^{i\pi}\ +\ 1\ =\ 0]
My calculator said it, I believe it, that settles it

*[tex \Large \ \
*[tex \LARGE \ \ \ \ \ \ \ \ \ \