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Semiannual and other compounding periods Monthly compounding implies that interest is compounded times per year. You have deposited $96,780 into an account that will earn

Semiannual and other compounding periods Monthly compounding implies that interest is compounded times per year. You have deposited $96,780 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? $157,644.42 $182,373.09 $158,585.30 $126,868.24

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