Kevin made an inital deposit on 1-1-12 into an account that earns 1.88% interest compounded semiannually. If kevin is withdrawing $2,152.85 from the account at the end of each six months and the balance of the account on 1-1-20 was $46,062.15. The amount of interest that he earned for the compounded period that started on 1-1-20 and ended on the day before 7-1-20 was? The balance of the account on 7-1-20 was?

Kevin made an inital deposit on 1-1-12 into an account that earns 1.88% interest compounded semiannually. If kevin is withdrawing $2,152.85 from the account at the end of each six months and the balance of the account on 1-1-20 was $46,062.15. The amount of interest that he earned for the compounded period that started on 1-1-20 and ended on the day before 7-1-20 was? The balance of the account on 7-1-20 was?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 24Q: Chemical Enterprises issues a note in the amount of $156,000 to a customer on January 1, 2018. Terms...

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