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Suppose you plan to save $ 1 , 2 4 9 semi - annually ( meaning twice a year ) over the next 5 years.

Suppose you plan to save $1,249 semi-annually (meaning twice a year) over the next 5 years. If you found a bank which will give you 9% APR, how much would you have in 5 years. (Round the answer two decimal point)

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