[Solved] A firm lends $42,000 that pays 11% compou

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A firm lends $42,000 that pays 11% compounded semiannually for 4 yrs. Find the compound amount (maturity value / future value) at the end of

A firm lends $42,000 that pays 11% compounded semiannually for 4 yrs.

Find the compound amount (maturity value / future value) at the end of 4 yrs.

Find the interest earned.

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