If 8,000 is invested for 5 years at 6% compound per annum, how much interest is earned

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If £8,000 is invested for 5 years at 6% compound per annum, how much interest is earned over the five years?

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Frank Woods Business Accounting Volume 2

ISBN: 9781292085050

13th Edition

Authors: Frank Wood, Alan Sangster

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Question Posted: Sep 10, 2023 12:27 AM

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If 8,000 is invested for 5 years at 6% compound per annum, how much interest is earned

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To calculate the interest earned on an investment compounded annually you can use the f...View the full answer

Frank Woods Business Accounting Volume 2

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