Find the accumulated value of an investment of $20,000 at 12% compounded semiannually for 8 years. C) $31,876.96 D) $49,519.26 A) $50,807.03 B) $39,200.00 a) O b) c) d)

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...
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Find the accumulated value of an investment of $20,000 at 12% compounded semiannually for 8
years.
A) $50,807.03
B) $39,200.00
C) $31,876.96
D) $49,519.26
a)
b)
c)
d)
E
R
F
G
I
ソフ。
M
C
V
र्भ
command
option
command
O O O
Transcribed Image Text:Find the accumulated value of an investment of $20,000 at 12% compounded semiannually for 8 years. A) $50,807.03 B) $39,200.00 C) $31,876.96 D) $49,519.26 a) b) c) d) E R F G I ソフ。 M C V र्भ command option command O O O
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