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You deposit $500in a bank in a 7 year time deposit. with a time deposit you cannot withdrAW funds from the account until the end

You deposit $500in a bank in a 7 year time deposit. with a time deposit you cannot withdrAW funds from the account until the end of the term. Interest in the account is compouned semiannually(m=2) at the annual nomial rate of 12%. In the final compound

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