What interest will be earned if $15,000.00 is invested for 7 years at 12% compounded semi-annual? You would earn $ in interest. (Round to 2 decimal places.)

College Algebra (MindTap Course List)
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ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
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Chapter5: Exponential And Logarithmic Functions
Section5.1: Exponential Functions And Their Graphs
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What interest will be earned if $15,000.00 is invested for 7 years at 12% compounded semi-annual?
You would earn $
in interest. (Round to 2 decimal places.)
Transcribed Image Text:What interest will be earned if $15,000.00 is invested for 7 years at 12% compounded semi-annual? You would earn $ in interest. (Round to 2 decimal places.)
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