Question 38 1 pts If you start with $22,000 and end with $30,000 four years from now, what was the annual interest rate (assuming semi-annual compounding)? ? 7.91 ? 4.08 ? 6.34 5.92
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To find the total interest earned, subtract the initial amount from the final amount: $30,000 - $22,000 = $8,000. Show more…
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