Question: You place $ 4 0 , 0 0 0 in an investment account today that earns 5 % compounded semiannually. How much will be in

You place $40,000 in an investment account today that earns 5% compounded semiannually. How much will be in the account after (a) three years, (b) four years, or (c) five years?
Formulas should include the =FV function and return a POSITIVE value.
Initial limestment
Additional amount iewested at the end of each semiannual period Interest rate
Compounded semiannually
\table[[540,000],[50],[54],[2]]
Accoumt balance at the end of:
\table[[a),Year 3,
You place $ 4 0 , 0 0 0 in an investment account

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