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1. Megans current account balance is $5,000. She will need to spend $1,200 exactly 3 years from now. What is her account balance 5 years

1. Megans current account balance is $5,000. She will need to spend $1,200 exactly 3 years from now. What is her account balance 5 years from now if the nominal interest rate is 8% per annum compounded semi-annually?

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