se the formula FV = P(1 + R)N  Rigoberto invests $8,000, at 6% interest, compounded semiannually for 1 year. How much interest will he earn on his investment?

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 14E
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Use the formula FV = P(1 + R)N 

Rigoberto invests $8,000, at 6% interest, compounded semiannually for 1 year.
How much interest will he earn on his investment?

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