Interest received at end of the period is reinvested

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Reference no: EM13731601

You placed $5,139 in a saving account today that earns an annual interest rate of 19.95 percent, compounded semi-annually. How much will you have in this account at the end of 8 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: EM13731601

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