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Suppose that a person deposits $16,000 at the beginning of each year for 16 years in an account paying 5% compounded annually. Then, the person

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Suppose that a person deposits $16,000 at the beginning of each year for 16 years in an account paying 5% compounded annually. Then, the person puts the total amount on deposit in another account paying 7% compounded semi-annually for another 8 years. Find the final amount on deposit after the entire 24 year period. $689,165,57 O $716,909.35 $650,367.61 $656,348.17

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