If the interest on the investment in question 33.4 had been compounded every six months, how much
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If the interest on the investment in question 33.4 had been compounded every six months, how much interest would have been earned over the five years?
Question 33.4
If £1,000 is invested for five years at 12 per cent compound per annum, how much interest is earned over the five years?
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