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Semiannual 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%

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Semiannual 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 fourteen years? $222,203.91$144,915.59$193,220.79$212,542.87

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