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You plan to deposit $1,000 in a saving account for 3 years (there is no additional deposit). The saving account offers a 10% semi-annual compounding

You plan to deposit $1,000 in a saving account for 3 years (there is no additional deposit). The saving account offers a 10% semi-annual compounding rate. Here 10% is APR (annual percentage rate). How much will you have in the saving account at the end of 3rd year ?

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