Lux Investing
what is the fiture value of $1250, invested at 9.5% per year for five years, if intrest is compounded semiannu
Public Comments
- This means that twice per year, you take the total balance and add on 9.5%. 0 - 1250 6 mo - 1250 + (1250*.095) = 1250 + 118.75 = 1368.75. 1 yr. 1368.75 + (1368.75*.095) =... Just complete this pattern!
- this sign ^ stands for 'to the power of' 1250 x ( 1+ (0.095/2))^10 = 1988
