If the accumulated value of an investment that is growing at 4.10% compounded semi-annually is $ 43, 357.89, and the interest earned on this investment is $5,357.89, calculate the time period of this investment.
If the accumulated value of an investment that is growing at 4.10% compounded semi-annually is $ 43, 357.89, and the interest earned on this investment is $5,357.89, calculate the time period of this investment.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no
![If the accumulated value of an investment that is
growing at 4.10% compounded semi-annually is $
43, 357.89, and the interest earned on this investment is
$5,357.89, calculate the time period of this investment.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6bb0d7fe-1e54-498d-aa23-4253ec97b425%2F8b0833da-340c-4575-9644-36e203f741bc%2Ffwuwsro_processed.jpeg&w=3840&q=75)
Transcribed Image Text:If the accumulated value of an investment that is
growing at 4.10% compounded semi-annually is $
43, 357.89, and the interest earned on this investment is
$5,357.89, calculate the time period of this investment.
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