Answer
$A \approx 11075.68$
Work Step by Step
Use the formula for compound interest with
$P=6902$
$r=0.06$
$m=2$
$t=8$
$A=P(1+\frac{r}{m})^{tm}$
$A=6902(1+\frac{0.06}{2})^{8(2)}$
$A \approx 11075.68$
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