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What is the future value of $500 in 22 years assuming an interest rate of 13 percent APR, compounded semiannually? rev: 09_17_2012 Multiple Choice $7,356.92

What is the future value of $500 in 22 years assuming an interest rate of 13 percent APR, compounded semiannually?

rev: 09_17_2012

Multiple Choice

  • $7,356.92

  • $7,986.43

  • $7,587.11

  • $751.61

  • $640.37

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