An investment with an original value of $11 000 is sold for proceeds of $12 950.00. If the investment yield was 5% compounded semi-annually, for how many years was the money invested?

Mathematics

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An investment with an original value of $11 000 is sold for proceeds of $12 950.00. If the investment yield was 5% compounded semi-annually, for how many years was the money invested?

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