If the interest on the investment in Question 45.4 had been compounded every six months, how much
Question:
If the interest on the investment in Question 45.4 had been compounded every six months, how much interest would have been earned over the four years?
Data from Question 45.4
If £5,000 is invested for four years at 7 per cent compound per annum, how much interest is earned over the five years?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
To calculate the interest earned over four years when 5000 is invested for four years at a 7 percent ...View the full answer
Answered By
Krishnavendra Y
I am a self motivated financial professional knowledgeable in; preparation of financial reports, reconciling and managing accounts, maintaining cash flows, budgets, among other financial reports. I possess strong analytical skills with high attention to detail and accuracy. I am able to act quickly and effectively when dealing with challenging situations. I have the ability to form positive relationships with colleagues and I believe that team work is great key to performance. I always deliver quality, detailed, original (0% plagiarism), well-researched and critically analyzed papers.
4+ Reviews
10+ Question Solved
Related Book For 
Frank Woods Business Accounting Volume 2
ISBN: 9780273693109
10th Edition
Authors: Frank Wood, Alan Sangster
Question Posted:
