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Assume that you deposit R10,000 today into an account paying 6% annual interest and leave it on deposit for exactly 8 years. a. How much

Assume that you deposit R10,000 today into an account paying 6% annual interest and leave it on deposit for exactly 8 years.

a. How much will be in the account at the end of 8 years in interest is compounded:

1. Annually?

2. Semi-annually?

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