Maeola Killebrew invests $3,800 at 2 compounded semiannually for two years What is the future value of the investment, and how much interest will she earn over the two year period ...

Period interest rate 2 2 002 2 001 38001 001 38 ...

Maeola Killebrew invests $3,800 at 2% compounded semiannually for two years. What is the future value of

Question:

Maeola Killebrew invests $3,800 at 2% compounded semiannually for two years. What is the of the investment, and how much interest will she earn over the two-year period?
Future Value
Future value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value (FV) is important to investors and financial planners as they use it to estimate how much an investment made today will be worth...