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Ingrid Bermdez can earn a nominal annual rate of return of 12%, compounded semiannually. If Ingrid made 40 consecutive semiannual deposits of $500 each with

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Ingrid Bermdez can earn a nominal annual rate of return of 12%, compounded semiannually. If Ingrid made 40 consecutive semiannual deposits of $500 each with the first deposit being made today, how much will she accumulate at the end of Year 20? Round off to the nearest $1. Multiple Choice 564132 $57.901 $82,024

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