Multiple Choice
Pam, when she turned 25, made an investment of $20,000 at an interest rate of 6.5% compounded semi-annually. Now that she is 50 years old, how much is the investment worth now.
A) $53,250
B) $44,491.96
C) $32,500
D) $98,976.71
Correct Answer:
Verified
Correct Answer:
Verified
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