Multiple Choice
Sofia plans to save for next two years. She plans to put away $1000 every 6 months starting 6 months from now. What will be the value of her savings after two years if her savings accounts earns at a rate of 8% compounded semi-annually?
A) $4000
B) $4246.46
C) $2080
D) $6414.51
E) $6632.98
Correct Answer:
Verified
Correct Answer:
Verified
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