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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 deposits of $ each, one every months with the first payment being made today. The bank pays a nominal interest rate of 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 How much your account with the bank be if you leave the money in the bank to be withdrawn all in years from today?
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