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Sam puts $500 in the bank and does not put any more money in or take any out for elght years. He receives 6% Interest yearly, compounded semi-annually. How much money will be in…

Sam puts $500 in the bank and does not put any more money in or take any out for elght years. He receives 6% Interest yearly, compounded semi-annually. How much money will be in…
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15 votes
Sam puts $500 in the bank and does not put any more money in or take any out for elght years. He receives 6% Interest

yearly, compounded semi-annually. How much money will be in the account after elght years?
O $793.44
$796.92
O $800.52
O $802.36

asked
User Hossein Rashno
by
8.2k points

2 Answers

2 votes
793.44 the first answer
answered
User Newtrino
by
8.3k points
12 votes

Answer:

$793.44

Explanation:

answered
User Vikash Patel
by
7.8k points
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