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View Full Version : Caluclating semiannaully


katydid56
Oct 15, 2009, 09:31 AM
Calculate the future value of $5,000, semiannually, at 6% for 5 years

ArcSine
Oct 15, 2009, 09:37 AM
Katydid you read the forum's homework assistance rules? Show your attempts on the problem, and then post back in.

katydid56
Oct 15, 2009, 11:23 AM
Sorry, I will have to post it later. Thanks

mathwiz3502
Oct 15, 2009, 02:28 PM
I'll give you the formula or semiannual interest
(interest+1)(starting value)^years times 2

morgaine300
Oct 16, 2009, 08:49 PM
It's not interest + 1. It has to be adjusted for the compounding effect of the semi-annual interest payments.

Many classes don't do equations for this anyway.