Use the compound interest formula for compounding more than once a year to determine the accumulated balance after the stated period.$8430 deposit at an APR of 4% with semiannual compounding for 8 years
A. $9877.09
B. $11,572.58
C. $11,537.04
D. $11,127.60
Answer: B
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A. 3
B. 
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What will be an ideal response?
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