What is the future value of $32 , 000 saved at i= 6 . 53% ,...
What is the future value of $32 , 000 saved at i= 6 . 53% , compounded semi - annually in 2 years?
Homework Answers
Ans $ 36388.37
| FV = | Future Value |
| PV = | Present Value |
| r = | rate of interest |
| n= | no of period |
| FV = | PV (1 + r )n |
| FV = | 32000*(1+6.53%/2)^4 |
| FV = | 36388.37 |
What is the future value of $32, 000 saved at i = 6 . 53% ,...
What is the future value of $32, 000 saved at i = 6 . 53% , compounded quarterly in 2 years?
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