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Suppose you put $100 into a savings account today, the account pays a nominal annual interest rate of 6%, but compounded semiannually, and you withdraw
Suppose you put $100 into a savings account today, the account pays a nominal annual interest rate of 6%, but compounded semiannually, and you withdraw $100 after 6 months. What would your ending balance be 20 years after the initial $100 deposit was made? Answer A)$115.35 B)$62.91 C)$226.20 D)$36.97 E)$9.50 F)$3.00
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