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You plan on making a purchase in 29 ears. To plan for this, you place the amount of $2,785.10 in an account today. Your bank
You plan on making a purchase in 29 ears. To plan for this, you place the amount of $2,785.10 in an account today. Your bank account compounds interest semiannually, and the interest rate
vou will earn is 11.97%. How mow much will vou be able to
spend at the end of 29 years?
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