Question 1117765
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*[tex \LARGE \ \ \ \ \ \ \ \ \ \ FV\ =\ PV\(1\ +\ \frac{r}{n}\)^{nt}]


Where *[tex \Large FV] is the Future Value, *[tex \Large PV] is the present value, *[tex \Large r] is the annual percentage rate <i><b>expressed as a decimal</b></i>, *[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\ =\ 1500\(1\ +\ \frac{0.10}{2}\)^{2\cdot 7}]


You can do your own calculator work.


John
*[tex \LARGE e^{i\pi}\ +\ 1\ =\ 0]
My calculator said it, I believe it, that settles it
<img src="http://c0rk.blogs.com/gr0undzer0/darwin-fish.jpg">
*[tex \Large \ \
*[tex \LARGE \ \ \ \ \ \ \ \ \ \  

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