Question: It looks like my answer is wrong, so id like to know how to get that answer instead of just what the answer is. id

It looks like my answer is wrong, so id like to know how to get that answer instead of just what the answer is.
id guess it would have something to do with the monthly payments part
It looks like my answer is wrong, so id like to know

\begin{tabular}{|l|l|} \hline Find future value & \\ \hline N=30 years, monthly payments & \\ \hline Interest rate =9%, compounded semi-annually & \\ \hline PV=0 & \\ \hline PMT=2500 & \\ \hline Compute FV & 723744 \\ \hline Round to 2 decimal places & \\ \hline \end{tabular}

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!