Question: Quarterly compounding implies that interest is compounded times per year. 2) You have deposited $1,200 into an account that will earn an interest rate of

Quarterly compounding implies that interest is compounded times per year.

2) You have deposited $1,200 into an account that will earn an interest rate of 5% compounded semiannually. How much will you have in this account at the end of eight years?

$1,336.06

$1,781.41

$1,425.13

$1,959.55

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