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##### I have an investment question

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An investment of \$6000 at 2% is compounded semiannually for four years. Find the future value and compound interest.

Apr 7th, 2015

Investment  = \$6,000

Interest rate = 2%               compound semiannually

Period = 4 years

Year                    Year Interest                      Total Interest                 Balance

0                               0                                        0                                 \$6,000.00

1                           \$120.60                              \$120.60                           6,120.60

2                             123.02                                 243.62                          6,243.62

3                             125.50                                 369.12                          6,369.12

4                             128.02                                 497.14                          6,497.14

Apr 7th, 2015

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Apr 7th, 2015
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Apr 7th, 2015
Dec 8th, 2016
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