Question: Semiannual compounding implies that interest is compounded 2 times per year. You have deposited $96,780 into an account that will eatn an interest rate of

Semiannual compounding implies that interest is compounded 2 times per year. You have deposited $96,780 into an account that will eatn an interest rate of 8% compounded semiannually. How much will you have in this account at the end of seven years? $167,591.65$117,314.15$134,073.32$184,350.82

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