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Do not tell me calculations. Please be straight to the point and give the answer. Thank you. Suppose $2,950 is invested by Grant at the

Do not tell me calculations. Please be straight to the point and give the answer. Thank you.

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Suppose $2,950 is invested by Grant at the end of each six-month period for 7 years in an account that earns 11.88% interest, compounded semi-annually Determine the future value of the account. Round the solution to the nearest cent, if necessary. Future Value = $ Determine the total amount of interest earned in this account over the 7 years. Round the solution to the nearest cent, if necessary, Total Interest = $ Hint: Related Formulas In the formulas below, A represents an account balance after t years, where P is the periodic payment made at the end of each compounding period, r is the annual rate of interest (in decimal form), and n is the number of compounding periods per year. P (1+ =)- 1 A() A = P = [ (1+ = ) 14 - 1] Submit All Parts

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