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QuizMultiple Choice

Interest

Question 1 • FT GMS AMDM B IC – 72

Solve the problem. Round to the nearest cent.Nora's savings account has a balance of $3979. After 4 years, what will the amount of interest be at 12% compounded semiannually?

Answer
A
$2367.92
B
$4774.80
C
$2362.92
D
$2353.92
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