Pierre deposits $8,000 in a certificate of deposit that pays 8% interest, compounded semiannually. How much interest does the account earn in the first six months? What is the balance after six months?

Dzezzz asked Jan 7, 2022

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Dzezzz asked Jan 7, 2022

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26 votes

$640 in interest after 6 months
$8,640 is the balance after six months

Xab answered Jan 13, 2022

by Xab

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