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Sam deposits $700 at the end of every 6 months in an account that pays 6%, compounded semiannually. How much will he have at the

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Sam deposits $700 at the end of every 6 months in an account that pays 6%, compounded semiannually. How much will he have at the end of 5 years? (a) State whether the problem relates to an ordinary annuity or an annuity due. ordinary annuity annuity due (k). Solve the problem. (Round your answer to the nearest cent.) Enter a number

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