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Future Value

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If you invest $9,000 today, how much will you have in 25 years at 14 percent (compounded semiannually)? Please show step by step method (the formula) how you derive at the answer.

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Solution Summary

This solution is comprised of a detailed explanation and calculation to find the future value of the investment of $9,000 today.

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You need to use the following future value formula to solve this problem.

FV = PV (1+R)N where PV is the present value
R is the interest ...

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