Find the compound interest on a loan of $5,000 for two year if the interest is compounded

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Find the compound interest on a loan of $5,000 for two year if the interest is compounded semiannually at 12%?
Compound Interest
Compound interest (or compounding interest) is interest calculated on the initial principal, which also includes all of the accumulated interest from previous periods on a deposit or loan. Thought to have originated in 17th century Italy, compound...
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Business Math

ISBN: 978-0133011203

10th edition

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

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