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Your bank pays 6.50 percent annual interest compounded semiannually on your savings account. You dont expect to add to the current balance of $2,500 over
Your bank pays 6.50 percent annual interest compounded semiannually on your savings account. You dont expect to add to the current balance of $2,500 over the next four years. How much money can you expect to have at the end of this period? (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.)
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