An investment pays $20 semiannually for the next 2 years. The investment has a 7 percent nominal

Question:

An investment pays $20 semiannually for the next 2 years. The investment has a 7 percent nominal interest rate, and interest is compounded quarterly. What is the of the investment?
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...