Question: Rigoberto invests $ 8 , 0 0 0 , at 6 % interest, compounded semiannually for 1 year. Use the compound interest formula to calculate

Rigoberto invests $8,000, at 6% interest, compounded semiannually for 1 year. Use the
compound interest formula to calculate the compound interest for his investment.
Select one:
a. $8,400.00
b. $8,417.50
c. $400.00
d. $487.20
Rigoberto invests $8,000, at 6% interest, compounded semiannually for 1 year.

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