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Suppose you invest $304 into an account that quotes a nominal annual interest rate 3% with semiannual compounding. Suppose after n years you invest $111

Suppose you invest $304 into an account that quotes a nominal annual interest rate 3% with semiannual compounding. Suppose after n years you invest $111 into the account. After 2n years the account has accumulated to $618. Determine n.

(A) 7.88 (B) 7.75 (C) 8.01 (D) 7.49 (E) 7.62

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