Respuesta :

juzellynch
Present value, P = 20
compounding interest per 6 months, interest  = 0.025/2 = 0.0125
Number of periods, n = 30*2 = 60 (half-years)

Future value in 30 years
=P(1+interest)^n
=20(1.0125)^60
= $42.14