Find the future value and compound interest of $5000 at 8% compounded semi annually for two...
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Find the future value and compound interest of $5000 at 8% compounded semi annually for two years. Use the future value or compound amount of one dollar table or the future value and compound interest formula. Table Future Value or Compound Amount of $1.00 Rate per period 2.5% 3% Periods 4% 5% 6% 8% 1% 1.01000 1.01500 1.02000 1.02500 1.03000 1.04000 1.05000 1.06000 1.08000 1.5% 2% 1 2. 1.02010 1.03023 1.04040 1.05063 1.06090 1.08160 1.10250 1.12360 1.16640 1.03030 1.04568 1.06121 1.07689 1.09273 1.12486 1.15763 1.19102 1.25971 1.04060 1.06136 1.08243 1.10381 1.12551 1.16986 1.21551 1.26248 1.36049 1.05101 1.07728 1.10408 1L13141 1.15927 1.21665 1.27628 1.33823 1.46933 3 Table shows future value (FV) of $1.00 compounded for N periods at R rate per period. Table values can be generated using the formula FV = $1(1+ R) Find the future value and compound interest of $5000 at 8% compounded semi annually for two years. Use the future value or compound amount of one dollar table or the future value and compound interest formula. Table Future Value or Compound Amount of $1.00 Rate per period 2.5% 3% Periods 4% 5% 6% 8% 1% 1.01000 1.01500 1.02000 1.02500 1.03000 1.04000 1.05000 1.06000 1.08000 1.5% 2% 1 2. 1.02010 1.03023 1.04040 1.05063 1.06090 1.08160 1.10250 1.12360 1.16640 1.03030 1.04568 1.06121 1.07689 1.09273 1.12486 1.15763 1.19102 1.25971 1.04060 1.06136 1.08243 1.10381 1.12551 1.16986 1.21551 1.26248 1.36049 1.05101 1.07728 1.10408 1L13141 1.15927 1.21665 1.27628 1.33823 1.46933 3 Table shows future value (FV) of $1.00 compounded for N periods at R rate per period. Table values can be generated using the formula FV = $1(1+ R)
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Related Book For
Business Math
ISBN: 978-0133011203
10th edition
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
Posted Date:
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