Question: Find future value and compound interest Find the future value and compound interest on $5,000 at 8% compounded semiannually for two years. Use the Future

Find future value and compound interest

Find future value and compound interest Find the future value and compound

Find the future value and compound interest on $5,000 at 8% compounded semiannually for two years. Use the Future Value or Compound Amount of $1.00 Table or the future value and compound interest formula. Future Value or Compound Amount of $1.00. Future value = $ (Round to the nearest cent as needed.) Compound interest = $ (Round to the nearest cent as needed.) Data Table Table Future Value or Compound Amount of $1.00 Rate per period Periods 1% 1.5% 2% 2.5% 3% 4% 5% 6% 8% 1 1.01000 1.01500 1.02000 1.02500 1.03000 1.04000 1.05000 1.06000 1.08000 2 1.02010 1.03023 1.04040 1.05063 1.06090 1.08160 1.10250 1.12360 1.16640 3 1.03030 1.04568 1.06121 1.07689 1.09273 1.12486 1.15763 1.19102 1.25971 4 1.04060 1.06136 1.08243 1.10381 1.12551 1.16986 1.21551 1.26248 1.36049 5 1.05101 1.07728 1.10408 1.13141 1.15927 1.21665 1.27628 1.33823 1.46933 Table shows future value (FV) of $1.00 compounded for N periods at Rrate per period. Table values can be generated using the formula FV = $1(1 + R)N

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