Question 1129695
Tina, the owner of a home and garden store, lends $8,000 to Lana to help her open an art shop. Lana plans to repay Tina at the end of eight years with interest compounded semiannually at 8%. 
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Assume you need to know what she owes.
A(t) = 8000(1+(0.0.08/2))^(2*8) = $14983.85
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Cheers,
Stan H.
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