You placed 1477 in a savings account today that earns an, Finance Basics

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You placed 1477 in a savings account today that earns an

Question: You placed $1,477 in a savings account today that earns an annual interest rate of 11.09 percent, compounded semiannually. How much will you have in this account at the end of 36 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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