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17. Semiannual and other compounding periods Semiannual compounding implies that interest is compounded times per year. 4 You have deposited $1,200 into an account that

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17. Semiannual and other compounding periods Semiannual compounding implies that interest is compounded times per year. 4 You have deposited $1,200 into an account that will earn an int te of 9% compounded semiannually. How much will you have in this account at the end of 14 years? 2 $3,292.51 6 $4,115.64 3 $4,010.07 12 . $2,675.17

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