Question 1149858
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(a)  Future value after 8 years = {{{1500*(1+0.05/2)^(2*8)}}} = 2226.76 dollars.    <U>ANSWER</U>


(b)  Interest earned = 2226.76 - 1500 = 726.76 dollars.



(c)  I din't answer this question, since the post didn't determine what "the effective rate of interest" is.
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&nbsp;&nbsp;&nbsp;&nbsp;- <A HREF=https://www.algebra.com/algebra/homework/percentage/lessons/Compound-interest-percentage-problem.lesson>Compound interest percentage problems</A> 

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