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QUESTION
On December 31, 2016, Alpha Company invested $10,000 in 2 years, certificate with a 4% annual interest rate with semi-annual compounding.
On December 31, 2016, Alpha Company invested $10,000 in 2 years, certificate with a 4% annual interest rate with semi-annual compounding. Use this information to determine the maturity value of the certificate on December 31, 2018?
