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26 January, 10:14

What is the future value of $1,740 in 16 years assuming an interest rate of 6.75 percent compounded semiannually?

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  1. 26 January, 10:16
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    Fv=p (1+0.0675/2) ^2*16

    Fv=p (1+0.0675/2) ^32

    Fv=5,033.22
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