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Mr John Grant deposits $1,000 in a two-year term deposit with BankEast Ltd. If BankEast is paying interest at a rate of 10% p.a. compounded

Mr John Grant deposits $1,000 in a two-year term deposit with BankEast Ltd. If BankEast is paying interest at a rate of 10% p.a. compounded semi-annually how much will Mr John Grant have accumulated in his account by the end of the term?

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