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Suppose you invest $1,900 today in an account that earns a nominal annual rate (i nom) of 16 percent, with interest compounded semiannually. How much

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Suppose you invest $1,900 today in an account that earns a nominal annual rate (i nom) of 16 percent, with interest compounded semiannually. How much money will you have after 12 years? a. $66,949.19 b. $26,448.00 c. $12,048.24 d. $4,784.52 e. $11,278.45

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