# What’s the future value of $1,500 after 5 years if the appropriate interest rate is 6%, compounded semiannually?

**What’s the future value of $1,500 after 5 years if the appropriate interest rate is 6%, compounded semiannually?**

What’s the future value of $1,500 after 5 years if the appropriate interest rate is 6%, compounded semiannually?

a. $1,819

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c. $2,016

d. $2,117

e. $2,223