Comet will need $35,000 in 5 years to start his own dog foodbusiness. He plans to save

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Comet will need $35,000 in 5 years to start his own dog foodbusiness. He plans to save money by making semi-annual deposits inan account earning 7.8% per year, compounded semi-annually.

a) What semi-annual deposit must Comet make? (Blank 1)

b) How much interest does Comet earn?

Related Book For answer-question

Financial Accounting

ISBN: 978-0078111020

7th Edition

Authors: LibbyShort

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Posted Date: Nov 22, 2022 05:20 PM

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Comet will need $35,000 in 5 years to start his own dog foodbusiness. He plans to save

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Financial Accounting

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