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Best bank pays 6% interest rate compounded semi-annually. However, your deposit will be annually. Your first deposit of $8000 will be made immediately. (year 0).
Best bank pays 6% interest rate compounded semi-annually. However, your deposit will be annually. Your first deposit of $8000 will be made immediately. (year 0). Additionally you will make the following deposit end of each years for 5 years
Years 1 &2: $7000 each year
Years 3 &4: $6000 each year
Year 5: $5000
How much will be in the account at the end of five years?
A.)$45.981,86
B.)$46,194.01
C.)$46,095.54
D.)$52,190.80
E.)$46,154.20
F.)$42,347.24
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