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Write the Word or Phrase That Best Completes Each Statement

Question 200

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Write the word or phrase that best completes each statement or answers the question.
-You deposit $150 each 6 months into an annuity with an annual interest rate of 13.5%, compoundedsemiannually.a)What is the balance after 20 years?b)What is the balance after 40 years?

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a)$28,081....

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