Question: Use the compound interest formula for compounding more than once a year to determine the accumulated balance after the stated period. $5,000 deposit at an

Use the compound interest formula for compounding more than once a year to determine the accumulated balance after the stated period. $5,000 deposit at an APR of 3% with semiannual compounding for 8 years $6,344.93 OB. $6,333.85 $ 5,001.20 . $ 5,632.46

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