Anne Katz, the owner of Katz Sport Shop, lends $8,000 to Shelley Slater to help her open an art shop

Business Apr 14, 2021

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. $14,484

B. $16,857

C. $14,984

D. $16,587

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