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16. You save $2,000 in a savings deposit with APR of 5% with semiannual compounding. After 10 years the net increase of your savings account

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16. You save $2,000 in a savings deposit with APR of 5% with semiannual compounding. After 10 years the net increase of your savings account lies closest to: A) $1,270 B) $1,280 C) $1,285 D) $1,290 Ans: B

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