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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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