It is compounded twice a year. The formula is A=P(1+rt) P is how much is put in, r is the percentage as a decimal, t is how many times it is compounded a year so in this case it would be 2.
So if deposited $1000 in a bank at 8% that is compounded semi annually, the formula would look like this. A=$1000(1+.08(2))
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No.
9.5% semi-annually = 19.9025% annually.After 10 years 1200*(1.199025)^10 = 7369.93
$22334
189.89
if there are two payments a year, at the beginning of the year and at 6 months, plus one payment at the end of 21 months then at an annualised compound rate of 21.9% your money will double in 21 months.