Jack Walter recognizes the value of saving part of his income. He has set a goal to have

$20,000

in cash available for emergencies. Assume he invests semiannually to have

$20,000

in

five

years and the sinking fund he has selected pays

6%

annually, compounded semiannually. Find the total interest earned on the sinking fund using the given table.

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Data table Q1 nn Cinkinn Eund Daumante Click the vcon to view the lable The totat interest earned will be 1 (Found to the nosest carl as needed) Data table