Jack and Jill deposited $1000 in a savings account with an

Last updated: 7/26/2022

Jack and Jill deposited $1000 in a savings account with an annual interest rate of 8.3% compounded semiannually when they got engaged to be married. It took them 2 years to plan their wedding. If they withdraw the money on their wedding day, how much money will Jack and Jill have to take on their honeymoon? a)$1089.32 b)$1176.62 c)$1305.25 d) $1324.15