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OpenStudy (anonymous):
On July 30th, 2014, Joseph invested $14,000 in a fund that was growing at 6% compounded semi-annually. a. Calculate the future value of the fund on March 21st, 2015?
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OpenStudy (anonymous):
Please Help me
OpenStudy (anonymous):
So what happens when you have a percent of something? You have just a part of it. So to find how much more you have, you must find the amount it has grown and then add it to the start amount. Namely, Multilply 6%(.06) to 14,000, then add it back.
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