$$\begin{array}{l}
\text { Find the maturity value. }\
\begin{array} { c | c | c | c }
\text { Principal } & \text { Rate } & \text { Compounded } & \text { Time } \
\hline \$ 1950 & 5.5 \% & \text { Semiannually } & 8 \text { years }
\end{array}
\end{array}$$

Question

$$\begin{array}{l}
\text { Find the maturity value. }\
\begin{array} { c | c | c | c } 
\text { Principal } & \text { Rate } & \text { Compounded } & \text { Time } \
\hline \$ 1950 & 5.5 \% & \text { Semiannually } & 8 \text { years }
\end{array}
\end{array}$$

Quizplus · Accepted Answer

The Answer is $3009.84