What is the future value of $1,150 in 16 years assuming an interest rate of 7.9 percent

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What is the future value of $1,150 in 16 years assuming an interest rate of 7.9 percent compounded semiannually?
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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...
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Essentials of Corporate Finance

ISBN: 978-1260013955

10th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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