If you invest $4,000 today and your investment earns 6% interest compounded semi

Question

If you invest $4,000 today and your investment earns 6% interest compounded semi-annually, what will your investment be worth at the end of 20 years? Round all dollars to the nearest whole dollar (e.g. 1,300) and enter values greater than three digits with a comma. Enter all interest rates to the nearest hundredth (e.g. .07) and omit the percent sign. Enter all cash outflows with a negative sign. For any variables that do not apply in this problem enter NA in the space. Present value abs Future value les Payment = abs n abs i

Explanation / Answer

1 Present value =      4,000 Future value =    13,048 payment = N.A n = 40 I = 3 2 i = 6%

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