Find the amount that should be invested now to accumulate the following amount, if the moneys is compounded as indicated. $16,000 at 8% compounded semiannually for 4 yr A) $11, 760.48 B) $21, 897.10 C)$11, 691.04 D) $4308.96 Solve the problem. Round to the nearest cent. June made an initial deposit of $5500 in an account for her son. Assuming an interest rate of 6% compounded quarterly, how much will the account be worth in 20 years? A) $17, 831.18 B) $18, 098.65 C) $10, 126.76 D) $17, 941.21 A small company borrows $64,000 at 9% compounded monthly. The loan is due in 2 years. How much interest will the company pay? A) $12, 469.19 B) $12, 570.47 C) $12,000.46 D) $76, 570.47