Jacklyn Avery made two $900 deposits every year (i.e., semiannual) for 8 years. If the investment pays a return of 8% compounded semiannually, how much interest would Jacklyn's investment earn during the eight years? Use Tables 23-1A and 23-1B or a calculator.​

Compounded Semiannually

Interest on a loan or investment calculated twice a year, adding each interest payment to the principal amount before the next calculation.

Semiannual

Pertaining to an event or action occurring twice a year, often used in the context of payments or interest calculations.

Interest Earn

The income received from lending money or depositing funds in interest-bearing accounts.