3.Find the total number of compounding periods and the interest rate per period for the...
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Accounting
3.Find the total number of compounding periods and the interest rate per period for the investment.
Term of Investment
Nominal (Annual) Rate (%)
Interest Compounded
Compounding Periods
Rate per Period (%)
7 years
3
monthly
%
4. Manually calculate the compound interest on an investment of $12,000 at 6.5% interest, compounded semiannually, for 2 years. (Round value to the nearest cent.)
$1,560.00. $1,610.76 $1,637.71. $13,637.76
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