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You placed $2,081 in a savings account today that earns an annual interest rate of 14.13 percent, compounded semiannually. How much will you have in

You placed $2,081 in a savings account today that earns an annual interest rate of 14.13 percent, compounded semiannually. How much will you have in this account at the end of 38 years? Assume that all interest received at the end of the period is reinvested the next period.

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