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Home Q & A Board Science-Related Homework Help Mathematics
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gewusel gewusel
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6 years ago
Find the compound interest earned by $500 invested at 3% compounded semi-annually for ten years.
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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SupremeSupreme
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More solutions for this book are available here
PV = 500.00; i = 0.015; n = 20
FV = 500.00(1.015)20 = 500.00(1.346855007) = 673.43
Compound interest = 673.43 - 500.00 = $173.43
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gewusel Author
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6 years ago
this is exactly what I needed
Danivalda
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Yesterday
Thanks for your help!!
IvanaVR
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2 hours ago
Good timing, thanks!
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