How much will you have in the given account

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Question: You placed $1,477 in a savings account today that earns an annual interest rate of 11.09 percent, compounded semiannually. How much will you have in this account at the end of 36 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: EM132036171

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