Question: A firm lends $ 4 2 , 0 0 0 that pays 1 1 % compounded semiannually for 4 yrs . Find the compound amount

A firm lends $42,000 that pays 11% compounded semiannually for 4 yrs.
Find the compound amount (maturity value / future value) at the end of 4 yrs.
Group of answer choices
$64,465.83
$64,466.83
$64,465.38
$64,456.83

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