## Math Problem Statement

Monika invests in a real estate project that earns 6.5% compounded semiannually. If Monika's initial deposit is $10,000, how much interest will the investment earn in 8 years? (Round your answer to the nearest cent.)

## Solution

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## Math Problem Analysis

### Mathematical Concepts

Compound Interest

Exponential Growth

### Formulas

A = P(1 + r/n)^(nt)

### Theorems

Compound Interest Formula

### Suitable Grade Level

Grades 9-12

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