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How much money is accumulated in 16 bi-monthly payments of $ 850, if the interest rate is 24% compounded each two-month period? a.36,340.29 b.18,550.85 c.9,904.45

How much money is accumulated in 16 bi-monthly payments of $ 850, if the interest rate is 24% compounded each two-month period?

a.36,340.29

b.18,550.85

c.9,904.45

d.107,109.16

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