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Find how much money will have in the account after two years

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Reference no: EM132721551

Problem 1: You put $1,000$1,000 into a savings account today that offers a 5% APR with semi-annual compounding (i.e., two times per year). How much money will you have in the account after 2 years?

Option 1: 814.50

Option 2: 902.50

Option 3: 1,102.50

Option 4: 1,215.51

Reference no: EM132721551

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