SOLUTION: An investment of $1,000 pays 9% annual interest, compounded semiannually. What is the interest earned in 10 years?
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Question 733027: An investment of $1,000 pays 9% annual interest, compounded semiannually. What is the interest earned in 10 years?
Answer by lynnlo(4176) (Show Source): You can put this solution on YOUR website!
INTEREST EARNED
$1411.71
TOTAL AMOUNT
$2411.71
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