Provide an appropriate response.Suppose $500 is initially placed in a savings account that earns interest at the rate of 8% compounded semiannually. Thereafter, $500 is deposited in the account at the end of every six months for five years. The value of the account at the end of five years is
A. $4555.45.
B. $6003.05.
C. $4055.45.
D. $6799.78.
E. $6743.18.
Answer: E
Mathematics
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?
?
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