Anne Katz, the owner of Katz Sport Shop, lends $8,000 to Shelley Slater to help her open an art shop.
Shelley plans to repay Anne at the end of eight years with interest compounded semiannually at 8%. Using
the tables in the Business Math Handbook that accompanies the course textbook, you can determine that at
the end of eight years Anne will receive
A. $14,984.
B. $14,484.
C. $16,857.
D. $16,587.

Question

anonymous · Answer

$$8000\times1,08^{16}$$
8000 is the basic amount of money
when you multiply the current amount by 1,08 - you have the same amount + 8% (that's what happens in half-year)
and because you have 16 half-years, you have to multiply it by 1,08 exactly 16 times (that's 1,08 to the power of 16)
count it on your own

anonymous · Answer

$\rlap{\color{red}{\huge\bigstar}\huge \color{green}{ \text{Welcome to Open Study!  }}\color{red}\bigstar}{\; \color{aqua}{\huge\bigstar}\huge \color{aqua}{\text{Welcome to Open Study!  }}\color{yellow}\bigstar}$ @Kittynum5

anonymous · Answer

haha count it yourself thank you!