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An investment of $1,000 pays 9% annual interest, compounded semiannually. What is the interest earned in 10 years? $1,552.97 $552.97 $1,411.71 $2,411.71
Question|Asked by mindy2002
Asked 2/6/2019 11:33:51 PM
Updated 8/2/2022 12:27:49 PM
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User: An investment of $1,000 pays 9% annual interest, compounded semiannually. What is the interest earned in 10 years? $1,552.97 $552.97 $1,411.71 $2,411.71

Weegy: %1552.97
Expert answered|yokyok214|Points 0|

Question|Asked by mindy2002
Asked 2/6/2019 11:33:51 PM
Updated 8/2/2022 12:27:49 PM
1 Answer/Comment
This conversation has been flagged as incorrect.
Flagged by Grace12 [8/2/2022 12:27:20 PM]
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A=1,000×(1+0.09÷2)^(2×10)
A=2,411.71
Interest earned=2411.71 1,000=1,411.71.
Added 8/2/2022 12:27:49 PM
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