An investment of $1,000 is made for two years and is compounded semiannually at 5 Find the future value and compound interest at the end of the two years ...

2 periods per year 2 years 4 p ...

An investment of $1,000 is made for two years and is compounded semiannually at 5%. Find the

Question:

An investment of $1,000 is made for two years and is compounded semiannually at 5%. Find the and at the end of the two years?
Compound Interest
Compound interest (or compounding interest) is interest calculated on the initial principal, which also includes all of the accumulated interest from previous periods on a deposit or loan. Thought to have originated in 17th century Italy, compound... 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...