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Semiannually over two years is equivalent to 4 periods. If the interest is 12% every 6 months, then the amount of interest is It is 8000*[(1.12)4 -1] =4588.15

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โˆ™ 2014-03-15 12:20:50
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Q: What would be the amount of compound interest on 8000 invested for two years at 12 percent compounded semiannually?
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