Over the course of 8 years, Serge makes deposits of $250 every 6 months into an account that pays 3.75%/a interest compounded

Question

Over the course of 8 years, Serge makes deposits of $250 every 6 months into an account that pays 3.75%/a interest compounded semi-annually. How much interest will Serge have earned over the 8-year term?

Kunduz · Accepted Answer

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