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Mikayla deposits $100,000 annually at the beginning of the year for 5 years into a special gold medal skiing account. The deposits earn an effective
Mikayla deposits $100,000 annually at the beginning of the year for 5 years into a special gold medal skiing account. The deposits earn an effective annual interest rate of 6%, and interest is paid out at the end of each year and reinvested at an nominal annual rate of 8%, compounded semi- annually. Find the value of the account at the end of 5 years
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