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106-1 Concept Check: Compound Interest Jacob Lee invested $600 in a savings account paying 8%/> interest compounded twice a year. What will be his investment

106-1 Concept Check: Compound Interest Jacob Lee invested $600 in a savings account paying 8%/> interest compounded twice a year. What will be his investment balance at the end of the year? a. $680 b. $649 c. $624 d. $600

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