An investment with an original value of $11 000 is sold for proceeds of $12 950.00. If

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An investment with an original value of $11 000 is sold for proceeds of $12 950.00. If the investment yield was 5% compounded semi-annually, for how many years was the money invested?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Feb 26, 2016 03:53 AM

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An investment with an original value of $11 000 is sold for proceeds of $12 950.00. If

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PV 11 00000 FV 12 95000 I Y 5 C Y 2 i 5 2 25 0025 ...View the full answer

Contemporary Business Mathematics with Canadian Applications

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