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In order to save money for their daughter's college education, new parents Ashley and John decide to put $325 dollars into a savings account that
In order to save money for their daughter's college education, new parents Ashley and John decide to put $325 dollars into a savings account that yields 9.2% interest compounded semi-annually. After making 20 equal payments of $325 they stop making deposits and simply allow the money to grow at the of 9.2% compounded semiannually for 8 more years. How much money will be in the account at the end of this time period?
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