document.write( "Question 977772: Rigoberto invests $8,000, at 6% interest, compounded semiannually for 1 year. Use the compound interest formula to calculate the compound interest for his investment.
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document.write( " a. $400.00
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document.write( " b. $8,400.00
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document.write( " c. $487.20
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document.write( " d. $8,417.50 \n" );
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Algebra.Com's Answer #599328 by rfer(16322)![]() ![]() ![]() You can put this solution on YOUR website! FV=8000(1.03)^2 \n" ); document.write( "FV=8487.20 \n" ); document.write( "--------- \n" ); document.write( "8487.20-8000=(C) $487.20 \n" ); document.write( " |