SOLUTION: How do I figure out: a total interest earned on a $1000 investment, with 8%interest compounded semi-anually, for three years.
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Question 1035698: How do I figure out: a total interest earned on a $1000 investment, with 8%interest compounded semi-anually, for three years.
Answer by robertb(5830) (Show Source): You can put this solution on YOUR website!
The amount after three years is given by .
The interest is thus $1,265.32 - $1,000 = $265.32.
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