Question: Suppose you save $ 1 3 , 0 0 0 in an account that pays a 7 . 8 % ( APR ) interest rate,

Suppose you save $13,000 in an account that pays a 7.8%(APR) interest rate, compounded semiannual.
What is you balance after 2 years?
Suppose you save $13,000 in an account that pays a 7.8%(APR)

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