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Monthly compounding implies that interest is compounded times per year. You have deposited $42,000 into an account that will earn an interest rate of 5%

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Monthly compounding implies that interest is compounded times per year. You have deposited \$42,000 into an account that will earn an interest rate of 5% compounded semiannually. How much will you have in this account at the end of 10 years? $75,704.09 $68,821.89 $48,175.32 $55,057.51

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