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  3. 3.find the total number of compounding periods and

3.Find the total number of compounding periods and the interest rate per period for the...

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Accounting

3.Find the total number of compounding periods and the interest rate per period for the investment.

Term of Investment Nominal (Annual) Rate (%) Interest Compounded Compounding Periods Rate per Period (%)
7 years 3 monthly %

4. Manually calculate the compound interest on an investment of $12,000 at 6.5% interest, compounded semiannually, for 2 years. (Round value to the nearest cent.)

$1,560.00. $1,610.76 $1,637.71. $13,637.76

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