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Find the compound amount at the end of the two years

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Reference no: EM131623398

Question: 1. An investment of $1,000 is made for two years and is compounded semiannually at 5%. Find the compound amount and compound interest at the end of the two years.

2. Find the compound interest on a loan of $5,000 for two years if the interest is compounded semiannually at 12%.

Reference no: EM131623398

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