What is the future value of $3,500 in 19 years at an APR of 8.8 percent compounded semiannually? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Future value

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 15PROB
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What is the future value of $3,500 in 19 years at an APR of 8.8 percent compounded
semiannually? (Do not round intermediate calculations and round your answer to 2
decimal places, e.g., 32.16.)
Future value
Transcribed Image Text:What is the future value of $3,500 in 19 years at an APR of 8.8 percent compounded semiannually? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Future value
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