Question: 16. Future Value Two thousand dollars is deposited in a savings account at 4% interest compounded semiannually. Find the balance after 7 years and the

 16. Future Value Two thousand dollars is deposited in a savings

16. Future Value Two thousand dollars is deposited in a savings account at 4% interest compounded semiannually. Find the balance after 7 years and the amount of interest earned dur- ing that time

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