Question: Semiannual and other compounding periods Monthly compounding implies that interest is compounded 6 times per year. You have deposited $ 3 , 7 5 0

Semiannual and other compounding periods
Monthly compounding implies that interest is compounded 6times per year.
You have deposited $3,750 into an account that will earn an interest rate of 12% compounded semiannually. How much will you have in this account at the end of eight years?
$9,526.32
$10,955.27
$10,478.95
$9,284.86

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