What's the future value of $2,000 after 3 years if the appropriate interest rate is 8%, compounded

Question:

What's the future value of $2,000 after 3 years if the appropriate interest rate is 8%, compounded semiannually? A. $2,854.13

B. $2,781.45

C. $2,324.89

D. $2,011.87

E. $2,530.64

Future Value
Future value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value (FV) is important to investors and financial planners as they use it to estimate how much an investment made today will be worth...