If You Put $2,000 in a Savings Account That Yields

question 97

Multiple Choice

If you put $2,000 in a savings account that yields 8% compounded semiannually,how much money will you have in the account in 20 years (round to nearest $10) ?

• A)$6,789
• B)$8,342
• C)$9,602
• D)$9,972

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