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1. An engineer will deposit $8500 every semiannual(first deposit will be 2 years later) into a savings account that pays interest at a rate of

1. An engineer will deposit $8500 every semiannual(first deposit will be 2 years later) into a savings account that pays interest at a rate of 12% per year compounded monthly. How much will be in the account at the end of 10 years?

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