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Use the Table to Solve the Problem

Question 22

Multiple Choice

Use the table to solve the problem. Round to the nearest cent. Use the table to solve the problem. Round to the nearest cent. -Jenny Sherrer has $29,000 to invest and believes that she will earn 8% compounded semiannually. Find the compound amounts if she invests for 4 years and for 8 years. Then find the additional amount earned due to the longer period. A) $45,675.29 B) $14,627.89 C) $5,762.59 D) $20,390.48
-Jenny Sherrer has $29,000 to invest and believes that she will earn 8% compounded semiannually. Find the compound amounts if she invests for 4 years and for 8 years. Then find the additional amount earned due to the longer period.


A) $45,675.29
B) $14,627.89
C) $5,762.59
D) $20,390.48

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