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Chang deposited $4000 into an account with 2.5% interest, compounded semiannually. Assuming that no withdrawals are made, how much will he have in the account

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Chang deposited $4000 into an account with 2.5% interest, compounded semiannually. Assuming that no withdrawals are made, how much will he have in the account after 7 years? Do not round any intermediate computations, and round your answer to the nearest cent. S

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