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Salem plans to deposit $ 2 2 0 0 every 6 months for 1 5 years to save for his son's higher education. The rate

Salem plans to deposit $2200 every 6 months for 15 years to save for his son's higher education. The rate of return will be 4% compounded semi-annually for the first 5 years and 8% compounded semi-annually for the subsequent 10 years. Calculate the future value of this simple annuity.Question 4 Select one:A.$53454.21B.$118293.81C.$106237.02D.$52782.81E.$24089.39

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