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Determining the annual interest rate

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You placed $6,739 in a savings account today that earns an annual interest rate of 11.46 percent, compounded semiannually. How much will you have in this account at the end of 14 years? Assume that all interezt received at the end of the period is reinvested the next period.

Round the answer to two decimal places.

Reference no: EM132534606

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