Step 2 We determined i = 4% and there are n = 32 compounding periods. To use the formula, the interest rate per period must be expressed as a decimal. Converting ito a decimal gives i = 4% = 0.04. Amishi makes deposits of $300, so Pmt = 300. Substitute these values into the formula to find the future value of Amishi's account, rounding the result to the nearest cent. FV = Pmt x (1 + i)" - 1 i (1 + 0.04)32 - 1 = 300 x 0.04 = $ 26309.44055 x Therefore, if Amishi deposits $300 at the end of each of six months for 16 years in an account earning 8% interest compounded semiannually, to the nearest cent, she will have $ 26,309.44 X Submit Skip_(you cannot come back)