Question: Anika puts $ 2 , 5 0 0 in a bank at the end of every six months. The bank pays 1 2 % compounded

Anika puts $

2, 500

in a bank at the end of every six months. The bank pays

12 %

compounded semiannually. Assuming Anika does thisfor four years, what is the total interest she will receive?Note: Round your answer to the nearest cent.

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