A business person invests $4,962 at 4% compounded semiannually for two years. What is the future value of the investment, and how much interest will they earn over the two-year period? What is the future value of the investment? $O (Round to the nearest cent as needed.)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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A business person invests $4,962 at 4% compounded semiannually for two years. What is the future value of the investment, and how much interest will they earn over
the two-year period?
What is the future value of the investment?
S (Round to the nearest cent as needed.)
Transcribed Image Text:A business person invests $4,962 at 4% compounded semiannually for two years. What is the future value of the investment, and how much interest will they earn over the two-year period? What is the future value of the investment? S (Round to the nearest cent as needed.)
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