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-   -   Caluclating semiannaully (https://www.askmehelpdesk.com/showthread.php?t=406260)

  • Oct 15, 2009, 09:31 AM
    katydid56
    caluclating semiannaully
    Calculate the future value of $5,000, semiannually, at 6% for 5 years
  • Oct 15, 2009, 09:37 AM
    ArcSine
    Katydid you read the forum's homework assistance rules? Show your attempts on the problem, and then post back in.
  • Oct 15, 2009, 11:23 AM
    katydid56

    Sorry, I will have to post it later. Thanks
  • Oct 15, 2009, 02:28 PM
    mathwiz3502

    I'll give you the formula or semiannual interest
    (interest+1)(starting value)^years times 2
  • Oct 16, 2009, 08:49 PM
    morgaine300

    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.

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