The future value of $100 compounded semiannually for 3 years at 12% equals $140.49.(PV of $1,FV of $1,PVA of $1,and FVA of $1) $\text{(Use appropriate factor(s)from the tables provided.)}$

The future value of $100 compounded semiannually for 3 years at 12% is calculated using the formula $FV=PV\times (1+r/n{)}^{nt}$ , where $PV$ is the present value, $r$ is the annual interest rate, $n$ is the number of compounding periods per year, and $t$ is the time in years. Given PV = $100 , $r=12\%=0.12$ , $n=2$ , and $t=3$ , the calculation is FV = $100 \times (1 + 0.12/2)^{2 \times 3} , which does not equal $140.49. The correct calculation leads to a different amount.