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4. You want to invest $25,000 for 24 months at 8%%p.a. Calculate and compare the bottom- line figures if the interest is compounded semi-annually and

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4. You want to invest $25,000 for 24 months at 8%%p.a. Calculate and compare the bottom- line figures if the interest is compounded semi-annually and if the interest is simple interest. Type your answers to the calculations in Table 1 and Table 2 of your data file. Table 1 - Simple Interest Period Beginning 1st six months 2nd six months ? 3rd six months ? 4th six months Interest ? ? Ending ? ? ? ? ? Table 2 - Compounded Semi-Annually Interest Period 1st six months 2nd six months 3rd six months 4th six months Beginning ? ? ? ? ? Ending ? ? ? ? The difference between compounded semi-annually and simple interest is $

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