Question: Help please What is the future value of ( $ 1,000 ) that earns ( 6 % ) with interest compounded semi-annually for 5 years?

Help please What is the future value of \( \$ 1,000 \) that earns \( 6 \% \) with interest compounded semi-annually for 5 years? \( \$ 1,344 \) \( \$ 580 \) \( \$ 1.113 \) \( \$ 1,623 \) 2 answers

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!