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What is the future value of $1,270 in 16 years assuming an interest rate of 9 percent compounded semiannually?

What is the future value of $1,270 in 16 years assuming an interest rate of 9 percent compounded semiannually?
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What is the future value of $1,270 in 16 years assuming an interest rate of 9 percent compounded semiannually?

User Haraman
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1 Answer

6 votes
The future value would be $5,194.30.
User Tien Do Nam
by
7.8k points
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