Question: What will the FV and the PV for parts a and c be if the interest rate is 10% with semiannual compounding rather than 10% with annual compounding? Round your answers to the nearest cent.

FV with semiannual compounding (please provide answer) PV with semiannual compounding (please provide answer)

a. Find the FV of $1,000 invested to earn 10% after 4 years. Round your answer to the nearest cent.

ANSWER for question a: 1464.10

c. Find the PV of $1,000 due in 4 years if the discount rate is 10%. Round your answer to the nearest cent.

ANSWER for question c: 683.01