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Semiannual compounding implies that interest is compounded 2 times per year You have deposited $1,200 into an account that will earn an interest rate of

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Semiannual compounding implies that interest is compounded 2 times per year You have deposited $1,200 into an account that will earn an interest rate of 8% compounded semiannually. How much will you have in this account at the end of four years? O $1,642.28 $1,149.60 $1,888,62 $1,313.82

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