> What is the future value compounded semiannually?

What is the future value compounded semiannually?

What is the future value compounded semiannually?

Posted at： 2014-12-05　
What is the future value of $2,600 in 19 years assuming an interest rate of 7.9 percent compounded semiannually?

fv = pv * (1+r/n) ^ (n*t)

fv = 2600 * (1+0.079/2) ^ (2*19)

fv = $11,331.94

What is the future value of $2,600 in 19 years assuming an interest rate of 7.9 percent compounded semiannually?
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