WHAT On December 31 2016 Alpha Company invested 10000 in 2 years certificate with a 4 annual interest rate with semi-annual compounding?

On December 31, 2016, Alpha Company invested $10,000 in a 2-year certificate with a 4% annual interest rate, compounded semi-annually. This means the interest is calculated twice a year, resulting in an effective interest rate of 2% per compounding period. By the end of the investment period, the total amount can be calculated using the formula for compound interest, which will yield a future value of approximately $10,816.64.