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It is the first day of the year and you plan to make a total of 7 deposits of $ 3 , 0 0 0

It is the first day of the year and you plan to make a total of 7 deposits of $3,000 each, one every 6 months with the first payment being made today. The bank pays a nominal interest rate of 13% but uses semiannual compounding. How much your account with the bank be if you leave the money in the bank to be withdrawn all in 11 years from today?

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