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)$45,675.29
B)$14,627.89
C)$5,762.59
D)$20,390.48

Question

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)$45,675.29 
B)$14,627.89 
C)$5,762.59 
D)$20,390.48

Quizplus · Accepted Answer

The Answer of 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)$45,675.29 
B)$14,627.89 
C)$5,762.59 
D)$20,390.48

Use the Table to Solve the Problem