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Monthly compounding implies that interest is compounded times per. You have deposited $96,780 into an account that will earn an interest rate of 15% compounded

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Monthly compounding implies that interest is compounded times per. You have deposited $96,780 into an account that will earn an interest rate of 15% compounded semiannually. How much will you have in this account at the end of fourteen years? $513,240.19$733,200.27$586,560.22$879,840.32

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