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You are going to make semiannual deposits of $2,500 into a retirement account that earns an APR of 8.5 percent compounded semiannually. If your first

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You are going to make semiannual deposits of $2,500 into a retirement account that earns an APR of 8.5 percent compounded semiannually. If your first deposit will be made six months from now, how large will your retirement account be in 40 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Retirement account value

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