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1. Suppose you deposit $4,000 in an account that pays 7 percent interest, compounded semi-annually. What is your account balance at the end of the

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1. Suppose you deposit $4,000 in an account that pays 7 percent interest, compounded semi-annually. What is your account balance at the end of the eight year? 2. You opened an account today with a deposit $2,400. If the account has an APR of 3 percent, compounded monthly, how much months will it take your money to double

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