Q7. A savings account has £25,000 invested for 4 years @ the rate of 6%. What is the value of the investment after 4 years with semi-annual compounding? A. £25,000 + 3% x 8. B. £25,000(1 + 3% x 8) C. £25,000(1 +3%)* D. £25,000(1 + 3%*)

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