Question: Use the table below to match the correct amount to each question. The interest rate is 8% (If compounded semiannually, divide annual interest by 2.

 Use the table below to match the correct amount to each

question. The interest rate is 8% (If compounded semiannually, divide annual interest

Use the table below to match the correct amount to each question. The interest rate is 8% (If compounded semiannually, divide annual interest by 2. You receive 4% the first six months and 4% the second six months.) Semi-annual Compounding Interest First Second Year Beginning Total Ending Balance Half Sub Total Half Interest Interest Interest Balance 1 $1,000.00 $40.00 $1,040.00 $41.60 ???? $1,081.60 2 $1,081.60 $43.26 ???? $44.99 $88.26 $1,169.86 3 $1,169.86 ???? $1,216.65 $48.67 ???? $1,265.32 4 ???? $50.61 $1,315.93 $52.64 ???? ???? 5 $1,368.57 ???? $1,423.31 $56.93 ???? ???? Total Interest

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