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What future amount of money will be accumulated 10 years from now by investing $1500 now...

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Finance

What future amount of money will be accumulated 10 years fromnow by investing $1500 now plus $5500 4 years from now at 6%interest compounded semi-annually?

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3.8 Ratings (430 Votes)
1500 is invested now t 0 and 5500 is invested 4 years from now t 4 or semiannual period of 8 This cash flow is shown using the below table Semiannual period    See Answer
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