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Betty DeRose is going to deposit $20,000 into a savings account at the beginning of every six months for the next eight years. Assume the
Betty DeRose is going to deposit $20,000 into a savings account at the beginning of every six months for the next eight years. Assume the savings account will earn 12% interest compounded semi-annually. Calculate the amount of interest Betty DeRose will earn over the eight year period. You will need to use the time value of money table factors posted in carmen to answer this question.
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