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You invest $8,000 in an investment account that promises a 8% annual interest, compounded semi-annually (that is, twice a year). How much can you expect to have in the account a…

You invest $8,000 in an investment account that promises a 8% annual interest, compounded semi-annually (that is, twice a year). How much can you expect to have in the account a…
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You invest $8,000 in an investment account that promises a 8% annual interest, compounded semi-annually (that is, twice a year). How much can you expect to have in the account after 4 years? (round to the nearest dollar)

User VoidVolker
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2 Answers

0 votes

Answer:

$10,949 (rounded)

Explanation:

User Apacay
by
8.2k points
5 votes
128000 is the answer
User Pouria Moosavi
by
8.1k points
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