What is the future value of $3,300 in 20 years at an APR of 8.6 percent compounded semiannually? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Future value

Financial Management: Theory & Practice
16th Edition
ISBN:9781337909730
Author:Brigham
Publisher:Brigham
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 12MC: (1) What is the value at the end of Year 3 of the following cash flow stream if the quoted interest...
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What is the future value of $3,300 in 20 years at an APR of 8.6 percent compounded
semiannually? (Do not round intermediate calculations and round your answer to 2
decimal places, e.g., 32.16.)
Future value
Transcribed Image Text:What is the future value of $3,300 in 20 years at an APR of 8.6 percent compounded semiannually? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Future value
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