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Suppose You Put $100 into a Savings Account Today,the Account

question 5

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Suppose you put $100 into a savings account today,the account pays a simple annual interest rate of 6 percent,but compounded semiannually,and you withdraw $100 after 6 months.What would your ending balance be 20 years after the initial $100 deposit was made?

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Definitions:

Conjunctive Adverbs

Words that connect two clauses or sentences, indicating a relationship in terms of time, cause and effect, contrast, etc., such as however, moreover, therefore.

Punctuated Correctly

The practice of correctly using punctuation marks in writing to clarify meaning.

Conjunctions

Words used to connect clauses or sentences or to coordinate words in the same clause, such as "and," "but," and "or."

Conjunctive Adverbs

Adverbs that function to connect two independent clauses, providing a transition that indicates a relationship between them, such as contrast or cause and effect.

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