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Abraham Ace invested 200,000 at 14% interest compound semi-annually, for 8 years. What is the amount of compound interest Abraham eaned?

Abraham Ace invested 200,000 at 14% interest compound semi-annually, for 8 years. What is the amount of compound interest Abraham eaned?

Essentials Of Investments
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
Section: Chapter Questions
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TOPIC: COMPOUND INTEREST
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4. Abraham Ace invested 200,000 at 14% interest compound semi-annually, for 8 years. What is the amount of compound interest Abraham earned? 5. Adrian Ahren invests 350,000 at 16% interest compounded quarterly, for 7 years. Find the compound amount of Adrian's investment. 6. Use the compound interest formula to calculate the compound amount of 300,000 invested at 8% interest compounded quarterly, for 5 years. 7. Ainsley Supply, Inc., deposited 500,000 in an account earning 12% compounded monthly. This account is intended to pay for the construction of a new warehouse. How much will be available for the project in 2 % years?
Transcribed Image Text:4. Abraham Ace invested 200,000 at 14% interest compound semi-annually, for 8 years. What is the amount of compound interest Abraham earned? 5. Adrian Ahren invests 350,000 at 16% interest compounded quarterly, for 7 years. Find the compound amount of Adrian's investment. 6. Use the compound interest formula to calculate the compound amount of 300,000 invested at 8% interest compounded quarterly, for 5 years. 7. Ainsley Supply, Inc., deposited 500,000 in an account earning 12% compounded monthly. This account is intended to pay for the construction of a new warehouse. How much will be available for the project in 2 % years?
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