If you invest $200 each six months for the next six years (beginning six months from now)
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If you invest $200 each six months for the next six years (beginning six months from now) and these funds will earn 8 percent compounded semiannually, what will be the approximate value of this investment at the end of the six years?
a. $1,100
b. $2,254
c. $3,005
d. $4,127
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