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William hopes to have $931,354 in his retirement account when he retires in 12 years. If his account earns a nominal interest of 6% compounded
William hopes to have $931,354 in his retirement account when he retires in 12 years. If his account earns a nominal interest of 6% compounded semi-annually 6 month period over the next 12 years to reach his objective?
27,043.43
26,591.10
4,431.84
36,621.41
none of the above
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