Answered: What's the future value of $1,654 after…

What's the future value of $1,654 after 5 years if the appropriate interest rate is 6%, compounded semiannually? O $1,819 O $1,915 O $2,016 O $2,117 O $2,223

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter1: Understanding Personal Finance

Section1.4: Perform Time Value Of Money Calculations

Problem 3CC

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What's the future value of $1,654 after 5 years if the appropriate interest rate is 6%, compounded
semiannually?
O $1,819
O $1,915
$2,016
O $2,117
O $2,223

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