John deposits $ 8,000 in a certificate of deposit that pays .8% interest, compounded semi-annually. How much interest does the account earn in the first six months? What is the balance after a year.

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06-12-2022
Mathematics

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John deposits $ 8,000 in a certificate of deposit that pays .8% interest, compounded semi-annually. How much interest does the account earn in the first six months? What is the balance after a year.

Sagot :

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John deposits $ 8,000 in a certificate of deposit that pays .8% interest, compounded semi-annually. How much interest does the account earn in the first six months? What is the balance after a year.

Sagot :

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