Joe Beary wants to attend Riverside College. Eight years from today he will need$50,000. If Joes bank
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Joe Beary wants to attend Riverside College. Eight years from today he will need$50,000. If Joe’s bank pays 6% interest compounded semiannually, what must Joe deposit today to have $50,000 in 8 years?
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Calculation of total amount received at the end of the 5 years ...View the full answer
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