Interest received at end of period is reinvested next period

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Reference no: EM13811529

You placed $9,560 in a savings account today that earns an annual interest rate of 4.84 percent, compounded semi annually. How much will you have in this account at the end of 5 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: EM13811529

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