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You have just deposited S1,000 in an unusual bank account that pays interest biannually (once every 2 years). If the 2-year interest rate is 11%

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You have just deposited S1,000 in an unusual bank account that pays interest biannually (once every 2 years). If the 2-year interest rate is 11% total interest over 2 4 years in 11% nol 11% per year), how much will you have in the account after 6 years? Alter 6 years, the amount you will have in the account is $(Round to the nearest cent.)

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