Calculate the future value (FV) of R10 000 invested for 5 years at an interest...

80.2K

Verified Solution

Question

Accounting

image

Calculate the future value (FV) of R10 000 invested for 5 years at an interest rate of 7%, interest compounded semi-annually. a. R14 026 b. R14 900 c. R16 234 d. R14 106 The correct answer is: R14 106

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students