Use Future Value And Present Value Tables To Apply Compound Interest To Accounting Transactions Joe makes equal

Question:

Use Future Value And Present Value Tables To Apply Compound Interest To Accounting Transactions Joe makes equal deposits of $500 semiannually for four years.

Required:

What is the future value at 8 percent?

Compound Interest
Compound interest (or compounding interest) is interest calculated on the initial principal, which also includes all of the accumulated interest from previous periods on a deposit or loan. Thought to have originated in 17th century Italy, compound... 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...