Matthew Bennett recognizes the value of saving part of his income. He has set a goal to

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Matthew Bennett recognizes the value of saving part of his income. He has set a goal to have $25,000 in cash available for emergencies. How much should he invest semiannually to have $25,000 in ten years if the sinking fund he has selected pays 8% annually, compounded semiannually?
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Business Math

ISBN: 978-0133011203

10th edition

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

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