What is the future value of $32, 000 saved at i = 6 . 53% , compounded quarterly in 2 years?
Ans $ 36425.95
FV = | Future Value |
PV = | Present Value |
r = | rate of interest |
n= | no of period |
FV = | PV (1 + r )n |
FV = | 32000*(1+6.53%/4)^8 |
FV = | 36425.95 |
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