The future value of an investment of $1,450 for 6 and 2/3 years at 5.4% compounded monthly is given by
[tex]FV=1,450\left(1+ \frac{0.054}{12} \right)^{6 \frac{2}{3} \times12} \\ \\ =1,450(1+0.0045)^{80}=1,450(1.0045)^{80} \\ \\ =1,450(1.432)=\bold{\$2,076.65}[/tex]
