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You placed 9037 in a savings account today that earns an

You placed $9,037 in a savings account today that earns an annual interest rate of 11.15 percent, compounded semiannually. How much will you have in this account at the end of 40 years? Assume that all interest received at the end of the period is reinvested the next period.

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Basic Statistics: You placed 9037 in a savings account today that earns an

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