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    katydid56's Avatar
    katydid56 Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Oct 15, 2009, 09:31 AM
    caluclating semiannaully
    Calculate the future value of $5,000, semiannually, at 6% for 5 years
    ArcSine's Avatar
    ArcSine Posts: 969, Reputation: 106
    Senior Member
    		  
    #2

    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's Avatar
    katydid56 Posts: 2, Reputation: 1
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    #3

    Oct 15, 2009, 11:23 AM

    Sorry, I will have to post it later. Thanks
    mathwiz3502's Avatar
    mathwiz3502 Posts: 121, Reputation: 1
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    #4

    Oct 15, 2009, 02:28 PM

    I'll give you the formula or semiannual interest
    (interest+1)(starting value)^years times 2
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #5

    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.
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