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Business
23.05.2022 18:56
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Wahttts yo ig? slatt slatt

Wahttts yo ig?
slatt slatt
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carls7853
carls7853
5,0(48 marks)

what

Explanation:

PrincesssOfficial
PrincesssOfficial
5,0(87 marks)

what do you mean by that?

ayrias
ayrias
4,6(54 marks)

FV= $116,912.40

Explanation:

Giving the following information:

Initial investment= $82,000

Number of periods= 6*2= 12 semesters

Interest rate= 0.06/2 = 0.03

To calculate the future value, we need to use the following formula:

FV= PV*(1+i)^n

FV= 82,000*(1.03^12)

FV= $116,912.40

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