How long will it take to achieve the desired future value amount if this investment is made Will he reach his goal in time at the specified interest rate?

Use the following information to answer the next two questions: Joe needs to grow the \$4.240 he currently has to \$16,960 in nine years. He has found an investment that offers semiannual compounding and an effective annual rate EAR) of 13% Question What is the periodic interest rate? (Remember a periodicinterest rate is defined as: (APR)/m