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13. Semiannual and other compounding periods Monthly compounding implies that interest is compounded 12 times per year. deposited 42,000 into an account that will e

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13. Semiannual and other compounding periods Monthly compounding implies that interest is compounded 12 times per year. deposited 42,000 into an account that will e You have How much will you have in this account at an interest rate of 5% compounded semiannually the end of seven years? $44,508.68 $59,344.90 $47,475.92 $68,246.63

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