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Dae-sung opens a bank account with $925. The account pays 8.75% compounded semi-annually, and pays interest for partial periods according to the Linear (or Simple

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Dae-sung opens a bank account with $925. The account pays 8.75% compounded semi-annually, and pays interest for partial periods according to the Linear (or Simple Interest) Method. How much money does Dae-Sung receive if he withdraws it all 27 months after opening the account? (Give your answer to the nearest $0.01) Answer: Certainty : OC=1 (Unsure: 80%)

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