Determine the total amount and the interest paid on $1000 with interest compounded semiannually for 2 years

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Determine the total amount and the interest paid on $1000 with interest compounded semiannually for 2 years at 

(a) 2%.

(b) 4%.

(c) 8%.

(d) Is there a predictable outcome in either the amount or the interest when the rate is doubled? Explain.

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A Survey of Mathematics with Applications

ISBN: 978-0134112107

10th edition

Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde

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