The formula is
A=p (1+r/k)^kt
A future value?
P initial deposited 1000
R interest rate 1.4/100=0.014
K compounded semiannual 2
T time 6 years
Plug in the formula
A=1,000×(1+0.014÷2)^(2×6)
A=1,087.31
Also, if you want to calculate the interest earned just subtract the initial deposited from the amount of the future value
I=A-p
I=1087.31-1000=87.31
Hope it helps!
