Question: 17. Semiannual and other compounding periods Semiannual compounding implies that interest is compounded ?? times per year. -4 -6 -2 -3 -12 You have deposited

17. Semiannual and other compounding periods

Semiannual compounding implies that interest is compounded ?? times per year.

-4

-6

-2

-3

-12

You have deposited $42,000 into an account that will earn an interest rate of 12% compounded semiannually. How much will you have in this account at the end of 10 years?

-$154,904.64

-$148,169.66

-$134,699.69

-$94,289.78

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