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Homework answers / question archive / An engineer deposits $730 per month into a savings account that pays interest at a rate of 16% per year, compounded semiannually

An engineer deposits $730 per month into a savings account that pays interest at a rate of 16% per year, compounded semiannually

Economics

An engineer deposits $730 per month into a savings account that pays interest at a rate of 16% per year, compounded semiannually. How much will be in the account at the end of 10 years? Assume no interperiod compounding.

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