Answer to Question #275163 in Civil and Environmental Engineering for Christian

Question #275163

Find the compound amount at the end of 3 years if P2000 is invested at 8% compounded semi - annually.

Expert's answer

Future value = Present Value * (1+r)^n

Future value = 3,000 * (1.048)^3

Future value = 3,000 * 1.1510

Future value = 3,453.07

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