Answered step by step
Verified Expert Solution
Question
1 Approved Answer
What is the future value of $1600 after 5 years if the annual return is 8% compounded semiannually? FV=PV*(1+i)^ PV = (no comma, no $)
What is the future value of $1600 after 5 years if the annual return is 8% compounded semiannually?
FV=PV*(1+i)^"
PV =
(no comma, no $)
IY =
CY =
(2 decimals)
FV =
(round to 2 decimals, no comma, no $)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Environmental Health And Safety Audits
Authors: Lawrence B. Cahill
8th Edition
0865878250, 978-0865878259
