A business person invest 2,785 at 4% compounded semiannually for two years. What is the future value of the investment? And how much interest will they earn over a two year period

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 14E
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A business person invest 2,785 at 4% compounded semiannually for two years. What is the future value of the investment? And how much interest will they earn over a two year period
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