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You just turned 20. If you deposit a single lump sum of $1,000 in an account that earns a 14% stated annual rate of return

You just turned 20. If you deposit a single lump sum of $1,000 in an account that earns a 14% stated annual rate of return with semi-annual compounding what would your account be worth on your 50th birthday? Round your answer to 2 decimal places.


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