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It is now January 1, 2018. You plan to make 5 deposits of $200 each, one every 6 months, with the first payment being made

It is now January 1, 2018. You plan to make 5 deposits of $200 each, one

every 6 months, with the first payment being made today. If the bank pays a

nominal interest rate of 10%, but uses semi-annual compounding, how much will

be in your account after 8 years?

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