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    Contemporary Business Mathematics Study Set 1
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    Exam 9: Compound Interest - Future Value and Present Value
  5. Question
    Find the Compound Interest Earned by $500 Invested at 3
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Find the Compound Interest Earned by $500 Invested at 3

Question 112

Question 112

Essay

Find the compound interest earned by $500 invested at 3% compounded semi-annually for ten years.

Correct Answer:

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PV = 500.00; i = 0.015; n = 20...

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