Clare currently has $5000 in her savings account that earns - 2.9% compounded quarterly. Clare will now

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Clare currently has $5000 in her savings account that earns - 2.9% compounded quarterly. Clare will now make deposits of $1000 at the beginning of every six months into the savings account until she reaches her goal of saving $28,000 in the account.

How long will it take Clare to reach her goal?

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Personal Finance

ISBN: 9781264101597

14th Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart

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Posted Date: Apr 03, 2024 08:43 PM

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Clare currently has $5000 in her savings account that earns - 2.9% compounded quarterly. Clare will now

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