Suppose $500 Is Initially Placed in a Savings Account That

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) $4055.45.
B) $4555.45.
C) $6003.05.
D) $6743.18.
E) $6799.78.

Correct Answer:

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