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urgent answer What is the maturity value of a 7-year term deposit of $2631.91 at 3.9% compounded semi-annually? How much interest did the deposit earn?
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What is the maturity value of a 7-year term deposit of $2631.91 at 3.9% compounded semi-annually? How much interest did the deposit earn?
The maturity value of the term deposit is $ ____
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
The amount of interest earned is $____
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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