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You deposit $9,000 in an account earning 5.5% interest compounded semiannually. How much will you have in the account after 10 years?

(Note: Use n=12 for monthly compounding, n=4 for quarterly compounding, n=2 for semiannual compounding, and n=1 for annual compounding.)

$15483.855

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  1. correct.

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    bobpursley

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