Question 1080899
Your aunt is planning to invest in a bank CD that will pay 5.50 percent interest semi-annually. If she has $7,000 to invest, how much will she have at the end of four years? (If you solve this problem with algebra round intermediate calculations to 4 decimal places, in all cases round your final answer to the nearest penny.
<pre>Correct answer: {{{highlight_green(matrix(1,6, "$8,696.6639,", rounded, to, "$8,696.66", "(FINAL", "ANSWER)"))}}}