SOLUTION: How much interest is earned on $1500 at 10% p.a. for 7 years, compounded every 6 months

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Question 1117765: How much interest is earned on $1500 at 10% p.a. for 7 years, compounded every 6 months
Answer by solver91311(24713) About Me  (Show Source):
You can put this solution on YOUR website!




Where is the Future Value, is the present value, is the annual percentage rate expressed as a decimal, is the number of compounding periods per year, and is the number of years of the investment.



You can do your own calculator work.

John

My calculator said it, I believe it, that settles it