Answer:
F=$3810
Step-by-step explanation:
[tex]F=P(1+i)^{n}[/tex]
F= future value
P= present value
i = interest
n= number of times money compounded
P=$3000 i=6% n = 2 X 4= 8
As this is semiannual so 6%/2=3%
[tex]F=P(1+0.03)^{8}[/tex]
[tex]F=3000(1.03)^{8}[/tex]
[tex]F=3000(1.267)[/tex]
[tex]F=3810[/tex]
