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If the accumulated value of an investment that is growing at 4.10% compounded semi-annually is $ 43, 357.89, and the interest earned on this investment is $5,357.89, calculate the time period of this investment.

If the accumulated value of an investment that is growing at 4.10% compounded semi-annually is $ 43, 357.89, and the interest earned on this investment is $5,357.89, calculate the time period of this investment.

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
Problem 1PS
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If the accumulated value of an investment that is growing at 4.10% compounded semi-annually is $ 43, 357.89, and the interest earned on this investment is $5,357.89, calculate the time period of this investment.
Transcribed Image Text:If the accumulated value of an investment that is growing at 4.10% compounded semi-annually is $ 43, 357.89, and the interest earned on this investment is $5,357.89, calculate the time period of this investment.
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