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How much will have in the account at the end of five years

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Reference no: EM132492727

Question 1: What would semiannually, annually, and quarterly be?

Question 2: If you deposit $20,000 today in an account at a quoted rate of 16% a year, compounded semiannually, how much will you have in the account at the end of five years if you make no withdrawals?

Reference no: EM132492727

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