P2000 is invested in a high interest account for one and half (1 1/2) years . the interest rate is 10.5 per annum and it is paid into the account every six months. calculate the value of the investment after this time and the amount of interest earned. Please answer with explanation. I will really upvote

P2000 is invested in a high interest account for one and half (1 1/2) years . the interest rate is 10.5 per annum and it is paid into the account every six months. calculate the value of the investment after this time and the amount of interest earned. Please answer with explanation. I will really upvote

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 6MC: You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years....

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