5. Find the amount of interest earned in the following deposit: $12,699.36 at 5% compounded semiannually for 7 years

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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5. Find the amount of interest earned in the following deposit:
$12,699.36 at 5% compounded semiannually for 7 years
ಮಾತ್ರ
6. Find the present value of each amount:
a) $42,000 in 7 years, 6% compounded monthly
b) $1347.89 in 3.5 years, 6.77% compounded semiannually
Transcribed Image Text:5. Find the amount of interest earned in the following deposit: $12,699.36 at 5% compounded semiannually for 7 years ಮಾತ್ರ 6. Find the present value of each amount: a) $42,000 in 7 years, 6% compounded monthly b) $1347.89 in 3.5 years, 6.77% compounded semiannually
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