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1. You place $40,000 in an investment account today that earns 5% compounded semiannualin. How much will be in the account after (a) three years,
1. You place $40,000 in an investment account today that earns 5% compounded semiannualin. How much will be in the account after (a) three years, (b) four years, or (c) five years? Formulas should indude the = FV function and return a POSITIVE value. thitial investment Additional amount invested at the end of each semiannual period Interest rate \begin{tabular}{|r|} \hline$40,000 \\ \hline$0 \\ \hline 5% \\ \hline \end{tabular} Compounded semiannually Compounding perio 2. If, in addition to the $40,000 original investment, you invest an additional $1,000 at the end of each 18 semianinual period, how much will be in the account after (a) three years, (b) four years, or (c) five years? 19 formsias should include the =FV function and return a POSITVE value. 20 Addinonat amount invesed at the end of each semiannual period
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