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You placed $1,509 in a savings account today that earns an annual interest rate of 18.25 percent, compounded semiannually. How much will you have in

You placed $1,509 in a savings account today that earns an annual interest rate of 18.25 percent, compounded semiannually. How much will you have in this account at the end of 19 years? Assume that all interest received at the end of the period is reinvested the next period.

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