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The APR on your savings account is 9% compounded monthly. You plan to make semiannual deposits of $3,000 for the next 20 years. To caclulate

"The APR on your savings account is 9% compounded monthly. You plan to make semiannual deposits of $3,000 for the next 20 years. To caclulate how much money you will have accumulated at the end of 20 years, you want to use the future value of annuity function in the calculator. What is the interest rate that should be used in that calculation?"

A. 4.07% B. 4.59% C. 3.55% D. 4.00% E. 5.11%

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