Solve the problem.A sequence of payments of $2000 is invested at the end of every compounding period, where interest is compounded semiannually at an interest rate of 4.2%. What is the total amount of the annuity after 5 years?
A. $21,999.83
B. $48,472.20
C. $69,618.88
D. $80,618.79
Answer: A
Mathematics
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