If $1439 is invested at 7.87% for 3 years, find the future value if the interest is compounded semi-annually. Round to the nearest cent. Do not put the $ in your answer or any units. Only type the number value.
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Step 1
The principal amount (P) is $1439, the annual interest rate (r) is 7.87%, the number of years (t) is 3, and the number of times the interest is compounded per year (n) is 2 (since it's compounded semi-annually). Show more…
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