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Mathematics, 26.09.2021 03:40 keltaylor

A deposit of $500 is made on the first day of January and July of every year in an account that pays a nominal interest rate of 5.5% compounded bi-annually. Rounding to the nearest whole cent, what is the balance at the end of 15 years?

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A deposit of $500 is made on the first day of January and July of every year in an account that pays...

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