How much would 9949 be worth after 15 years if you received

How much would $9,949 be worth after 15 years if you received 7.3% interest per year, compounded semiannually?

Effective annual interest rate = (1 + 7.3%/2)^2 – 1 = 7.433%

Time = 15 years

Initial investment = $9949

Future value = 9949*(1+7.433%)^15

Future value = 29163.86

So, the future worth will be 29163.86 approx. in 15 years.