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5. Milo Simpson deposited $860 in a new regular savings account that earns 5.5% interest compounded semiannually for 1 year. Calculate the a) amount and

5. Milo Simpson deposited $860 in a new regular savings account that earns 5.5% interest compounded semiannually for 1 year. Calculate the a) amount and b) the compound interest. (2 points)

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