SOLUTION:

Question 161933:
Found 2 solutions by checkley77, cindyparadela:
Answer by checkley77(12844) (Show Source): You can put this solution on YOUR website!
There is something wrong with either the statement of the problem or you have the wrong set of possible answers. It is not possible to grow $900 over 8 years @ 8% to any amount close to $18,000 nor $42,000. I wish it were possible.
BUT IT ISN'T.
-----------------------------------------------------
900(1+.08/2)^8*2
900(1+.04)^16
900(1.04)^16
900*1.873=1,685.68 AMOUNT OF THE $900 INVESTMENT @ 8% SEMIANNUALLY AFTER 8 YEARS.
CAN'T FIND THIS ANSWER AMONG YOUR OPTIONS??????
Answer by cindyparadela(1) (Show Source): You can put this solution on YOUR website!

answer= c. 19,642.07803