Solve the Problem. -An Initial Investment of $14,000 Is Appreciated for 4 Years

question 89

Multiple Choice

Solve the problem.
-An initial investment of $14,000 is appreciated for 4 years in an account that earns 13% interest, compounded semiannually. Find the amount of money in the account at the end of the period.

• A)$22,826.63
• B)$23,169.94
• C)$9169.94
• D)$21,755.81

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Definitions:

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Extramarital Affair

A romantic relationship one engages in outside of their marriage without the consent of their spouse.