Assume that all interest received at the end of the period

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Reference no: EM131511165

You placed $7,246 in a savings account today that earns an annual interest rate of 14.88 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.

Reference no: EM131511165

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