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Consider a $1,000 investment earning 6.5% interest per year compounded semi- annually for 5 years.What is the Future Value at the end of year 5?

Consider a $1,000 investment earning 6.5% interest per year compounded semi- annually for 5 years.What is the Future Value at the end of year 5? How much total interest is earned on the initial $1,000 investment. Please show all steps and frame work in arriving at your answers and explian. please no financial calculator.

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