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Use the table to solve the following problem. Round to the nearest cent. Jenny Sherrer has $ 29,000 to invest and believes that she will

Use the table to solve the following problem. Round to the nearest cent.

Jenny Sherrer has $ 29,000 to invest and believes that she will earn 8% compounded semiannually. Find the compound amounts if she invests for 4 years and for 8 years. Then find the additional amount earned due to the longer period.

$ 14,627.89
$ 5,762.59
$ 45,675.29
$ 20,390.48

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