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You Deposit $1,000 in an Account Offering an 8% Yield,compounded

Question 16

Multiple Choice

You deposit $1,000 in an account offering an 8% yield,compounded semi-annually.At the end of one year,your total earned interest is

A) $40.00.
B) $40.80.
C) $80.00.
D) $81.60.

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