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OpenStudy (anonymous):
Every six months, Jacinda deposits $475 into an interest-bearing account to save for her children's tuition. The interest rate on the account is 7.1% compounding semiannually. What is the present value of the investment if Jacinda's children leave for college in 9 years? (2 points) $4,743.77 $5,080.58 $6,460.70 $6,239.21
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