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The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate. Find how much money will

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The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate. Find how much money will be in the account after the given number of years (Assume 360 days in a year.), and how much interest was earned. A = P (1 + r)^nt P = A/(1 + r)^nt A = P_e^rt Y = (1 + r)^n -1 Principal: $8000 Rate: 4% Compounded: semiannually Time: 5 years A) amount in account: $9751.96: interest earned: $1751.96 B) amount in account: $11, 841.95: interest earned: $3841.95 C) amount in account: $8832.65: interest earned: $832.65 D) amount in account: $9733.22: interest earned: $1733.22

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