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Find the future value and compound interest on $5000 at 4% compounded semiannually for two...

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Verified Solution

Question

Accounting

Find the future value and compound interest on

$5000

at

4%

compounded semiannually for two years. Use the Future Value or Compound Amount of $1.00 Table or the future value and compound interest formula.

LOADING...

Future Value or Compound Amount of $1.00.

Future

valueequals= ???

(Round to the nearest cent as needed.)

Answer & Explanation Solved by verified expert
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