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  • Maria invests $32,500 at 8% compounded semiannually. How much will she have at the end of 4 years?

Maria invests $32,500 at 8% compounded semiannually. How much will she have at the end of 4 years?

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We;have,;P=32500\* Rate, r = 8%\* n=4\* The;interest;is;compounded;semiannually;so,;we;have,\* S=P(1+fracr100 imes 2)^2n=32500(1+frac82 imes 100)^2 imes 4\*So,;on;calculating;we;will;get\* S=44478.49\* So,;at;the;end;of;4;years;she;will;have;44478.49;dollars.

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Deependra Verma

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