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You placed $3,945 in a savings account today that earns an annual interest rate of 11.01 percent, compounded semiannually. How much will you have in

You placed $3,945 in a savings account today that earns an annual interest rate of 11.01 percent, compounded semiannually. How much will you have in this account at the end of 2 years? assume that all interest received at the end of the period is reinvested the nest period.

Round the answer to two decimal places.

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