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Jack and Jill deposited $1000 in a savings account with an annual interest rate of...

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Basic Math

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Jack and Jill deposited $1000 in a savings account with an annual interest rate of 8.3% compounded semiannually when they got engaged to be married. It took them 2 years to plan their wedding. If they withdraw the money on their wedding day, how much money will Jack and Jill have to take on their honeymoon?a)$1089.32b)$1176.62c)$1305.25d) $1324.15

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