document.write( "Question 1160604: Is B correct? I'm checking my answers.\r
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\n" ); document.write( "\n" ); document.write( "Jenny plans to invest $9,000. America's Bank offers a 10 year CD at an annual interest rate of 3.8% compounding interest semi-annually. How much is her investment worth at the end of the 10 years?\r
\n" ); document.write( "\n" ); document.write( "A. $9,000\r
\n" ); document.write( "\n" ); document.write( "B. $13,114\r
\n" ); document.write( "\n" ); document.write( "C. $15,840\r
\n" ); document.write( "\n" ); document.write( "D. $18,000\r
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\n" ); document.write( "\n" ); document.write( "The question is provided in the link here: https://i.imgur.com/4Jp2KGd.png \n" ); document.write( "

Algebra.Com's Answer #783952 by ikleyn(52790) $\"\"$ $\"About$

You can put this solution on YOUR website!
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document.write( "Since the account is compounded, use the formula for compounded account\r\n" );
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document.write( "    Future value =  = 13,113.73 = 13,114 (rounded).   ANSWER\r\n" );
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