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Anne Katz, the owner of Katz Sport Shop, loaned Shelley Slater $ 8 , 0 0 0 to help her open an art shop. Shelley

Anne Katz, the owner of Katz Sport Shop, loaned Shelley Slater $

8, 000

to help her open an art shop. Shelley plans to repay Anne at the end of eight years with interest compounded semiannually at

8 % .

At the end of eight years, Anne will receive.

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