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8. It is now January 1,2002 . Your plan to make 5 deposits of $200 each, one every 6 months, with the first payment being

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8. It is now January 1,2002 . Your plan to make 5 deposits of $200 each, one every 6 months, with the first payment being made today. If the bank pays a nominal interest rate of 11 percent but uses semiannual compounding, how much will be in your account after 10 years

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