If 12,000 is invested at an annual interest rate of 6 per...

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PS · Problem Solving

sub-505

Sequences

If $12,000 is invested at an annual interest rate of 6 percent, compounded semiannually, what will the total amount be after 4 years, in dollars?

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A

12,000(1+\frac{0.06}{2})^{8}

B

12,000(1+0.06)^4

C

12,000(1+0.06)

D

12,000(1-0.06)^2

E

12,000*1.06

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