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Gmat_mission
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Global Stats
Amy deposits \(\$100\) into an account that pays \(8\%\) interest, compounded semiannually. She makes no other deposits or withdrawals. Which of the following expresses the amount of money the account will contain in \(2\) years?
A. \(\$100 \cdot (1 + .04)^2\)
B. \(\$100 \cdot (1 + .04)^4\)
C. \(\$100 \cdot (1 + .04)^6\)
D. \(\$100 \cdot (1 + .08)^2\)
E. \(\$100 \cdot (1 + .08)^6\)
Answer: B
Source: Princeton Review
A. \(\$100 \cdot (1 + .04)^2\)
B. \(\$100 \cdot (1 + .04)^4\)
C. \(\$100 \cdot (1 + .04)^6\)
D. \(\$100 \cdot (1 + .08)^2\)
E. \(\$100 \cdot (1 + .08)^6\)
Answer: B
Source: Princeton Review
