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11. Semiannual and other compounding periods Quarterly compounding implies that interest is compounded times per year. You have deposited $3,750 into an account that will

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11. Semiannual and other compounding periods Quarterly compounding implies that interest is compounded times per year. You have deposited $3,750 into an account that will earn an interest rate of 8% compounded semiannually. How much will you have in this account at the end of 10 years? $8,095.97 $8,216,71 $9,449.22 $9,038.38

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