Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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Manually calculate the compound interest on an investment of $14,000 at 5.0% interest, compounded semiannually, for 2 years. (Round value to the nearest cent.)
a. $1,400.00
b. $1,435.00
c. $1,453.38
d. $15,453.34
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