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QUESTION
Investing $12,000 in a saving account at 2% annual interest compounded semiannually will result in approximately how much money after 5 years?
Investing $12,000 in a saving account at 2% annual interest compounded semiannually will result in approximately how much money after 5 years? Use the formula: A = P(1 + )mt
A. $13,200.00B.$13,248.97C.$12,985.62D.$13,255.47
