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Lionel deposit $7000 in Victory bank, which pays 4% compounded semiannually. How much will Lionel have in his account at the end of 8 years?

Lionel deposit $7000 in Victory bank, which pays 4% compounded semiannually. How much will Lionel have in his account at the end of 8 years? (format as $12,345) - this answer has decimal places)

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