Question: Please solve this problem and give the correct answer choice. Please also show all steps. Which of the following formulas represents the future value of

Please solve this problem and give the correct answer choice. Please also

Please solve this problem and give the correct answer choice. Please also show all steps.

Which of the following formulas represents the future value of $500 invested at 4% compounded semiannually for 10 years? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a 500(1+.08)5 b 500(1+.08)20 c 500(1+.02)5 d 500(1+.02)20

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