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Posted on Sep 07, 2024

Suppose you save $ 1 3 , 0 0 0 in an account that pays a 7 . 8 % ( APR ) interest rate,

Suppose you save $

13, 000

in an account that pays a

7.8 % (

APR

)

interest rate, compounded semiannual.

What is you balance after

2

years?

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