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
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An investment of $1,000 pays 9% annual interest, compounded semiannually. What is the interest earned in 10 years?
Answer by
lynnlo(4176)
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INTEREST EARNED
$1411.71
TOTAL AMOUNT
$2411.71
(