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You have deposited $2000 in an account that promises to pay 8% (yearly interest rate). The interest is compounded semiannually. How much will you have
You have deposited $2000 in an account that promises to pay 8% (yearly interest rate). The interest is compounded semiannually. How much will you have at the end of 5 years? a. $1,221.79 b. $1,733.20 c. $2,012.21 d. $2,960.49
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