Question

Your investment of 1,200 gets 5.1% and is compounded semi annually for 7 1/2 years what will be your 1,200. Be worth at the end of the term

Answer 1

Answer:

1750.72

Step-by-step explanation:

TVM inputs

N=7.5×2

I=5.1/2

PV= -1200

Pmt=0

FV= 1750.72