how much would be available at the end of the time period. How much is the interest earned?

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 9PROB
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Suppose you invested $1000 semi-annually over a 10 year period. If money earns an annual rate of 12% compounded semi-annually, how much would be available at the end of the time period. How much is the interest earned?

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