Question: 5 points. If the interest rate is 1 . 1 3 4 0 % per month compounded monthly, how many semi - annual periods will

5 points. If the interest rate is 1.1340% per month compounded monthly, how many semi-
annual periods will it take to earn an interest of $700 on an initial deposit of $2,000?
(taken to 4 decimal places)
5 points. If the interest rate is 1.1340% per month compounded

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