Sofia plans to save for next two years. She plans to put away $1000 every 6 months

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Sofia plans to save for next two years. She plans to put away $1000 every 6 months starting 6 months from now. What will be the value of her savings after two years if her savings accounts earns at a rate of 8% compounded semi-annually?

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Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Posted Date: Apr 07, 2024 11:56 PM

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Sofia plans to save for next two years. She plans to put away $1000 every 6 months

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First lets calculate the total number of compounding periods in two y... View the full answer

Personal Finance

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