Question: It is now Jan 2 0 0 5 . You plan to make 5 deposits of $ 1 2 0 every 6 months, with the

It is now Jan 2005. You plan to make 5 deposits of $120 every 6 months, with the first payment being made today. If the bank pays a nominal interest rate of 12% uses semi-annual compounding, how much will you have in your account after 10 years?
A)446.51
B)535.81
C)1718.42
D)1432

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