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$18000 at 9% compounded semiannually for 6 years?

 Jan 19, 2016
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$18,000 at 9% compounded semiannually for 6 years?

 

The investment would be worth=$30,525.87 in 6 years @ 9% comp.S.A

The formula you use to calculate this is:FV=PV[1 + R]^N=FV OF $1 TODAY,

Where R=Interest rate per period, N=number of periods, PV=Present value, FV=Future value.

 Jan 19, 2016

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