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You deposit $29 now in an interest-bearing account that offers 15% nominal interest compounded semi-annually. You withdraw this money 20 years later. How much will
You deposit $29 now in an interest-bearing account that offers 15% nominal interest compounded semi-annually. You withdraw this money 20 years later. How much will you have at the end of the period?
a.
$123.19
b.
$9,442.24
c.
$523.28
d.
$474.63
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