Find the compound interest on $ 4000 at 12% for 1 yr, compounded half-

1.	Find the compound interest on $ 4000 at 12% for 1 yr, compounded half-yearly.
A.	$ 480.20
B.	$ 410.20
C.	$ 494.40
D.	$ 475.40
Answer» D. $ 475.40

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Find the compound interest on $ 4000 at 12% for 1 yr, compounded half-yearly.

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