Select the correct answer.
what’s the future value of a $1,000 investment compounded at 8% semiannually for five years?
a : $1,469
b : $1,477
c : $1,480
d : $1,490

The future value of $1,000 invested at 8% compounded semiannually for five years is

Solution:

----------- equation 1

A = future value  

P= principal amount  

i = interest rate

n = number of times money is compounded  

P = 1000

i = 8 %

(Compounding period for semi annually = 2)

Dividing “i” by compounding period

Solving for future value using equation 1

a = 3.14

b = 18

c = 18/5 or 3.6 or 3 3/5

step-by-step explanation:

sas (side angle side)

aa (angle angle)

sss(side side side)

sas find two sides with an angle in between

aa is finding two angles and the third will add up to 180

sss find all sides

step-by-step explanation: