Use the table to solve the problem. Round to the nearest cent.
Jenny Sherrer has $29,000 to invest and believes that she will earn 8% compounded semiannually. Find the compound amounts if she invests for 4 years and for 8 years. Then find the additional amount earned due to the longer period.
A. $20,390.48
B. $45,675.29
C. $5,762.59
D. $14,627.89
Answer: D
Mathematics
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