Solved: Assume that all interest received at the end of the period, Dissertation

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Assume that all interest received at the end of the period

You placed $4,561 in a savings account today that earns an annual interest rate of 8.92 percent, compounded semiannually. How much will you have in this account at the end of 12 years? Assume that all interest received at the end of the period is reinvested the next period.

Round the answer to two decimal places.

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Dissertation: Assume that all interest received at the end of the period

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