SOLUTION: Regina invested $150,000 in a small business at 15% compounded semi-annually for one year and 8 months.a.How much would the business have to repay Regina at the end of the period?

Question 1131869: Regina invested $150,000 in a small business at 15% compounded semi-annually for one year and 8 months.a.How much would the business have to repay Regina at the end of the period? (Ans: $190,891.30)b.How much interest did Regina earn from this investment over the period?

Answer by Theo(13342) (Show Source): You can put this solution on YOUR website!
the present value is 150,000
the future value is 190,891.30

the interest earned is the future value minus the present value = 40,891.30

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