Bonnie and Clyde want to take a six-month leave of absence from their jobs to travel extensively
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Bonnie and Clyde want to take a six-month leave of absence from their jobs to travel extensively in South America. Rounded to the next-higher month, how long will it take them to save $40,000 for the leave if they make month-end contributions of $700 to a savings plan that earns 3.5% compounded semiannually?
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The 40000 savings target is the future value of the monthly contrib...View the full answer
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Related Book For 
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
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