The future value of $50,000 invested today,at the end of 10 years assuming an interest rate of 7.5% per year,with semiannual compounding,is
A) $104,407.60
B) $103,051.58
C) $123,510.52
D) $210,673.43
E) $105,117.46

Name: The future value of $50,000 invested today,at the end of 10 years assuming an interest rate of 7.5% per year,with semiannual compounding,is A) $104,407.60 B) $103,051.58 C) $123,510.52 D) $210,673.43 E) $105,117.46
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Question

Quizplus · Accepted Answer

FV = 50,000(1 + .0375)²? = $104,407.60

The Future Value of $50,000 Invested Today,at the End of 10