Solved

Find the Compound Interest Earned by the Deposit $\$ 16,000$ At $8 \%$

Question 83

Multiple Choice

Find the compound interest earned by the deposit. Round to the nearest cent.
- $\$ 16,000$ at $8 \%$ compounded semiannually for 6 years

A) $\$ 9389.99$
B) $\$ 9616.52$
C) $\$ 4245.10$
D) $\$ 7680.00$

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