Brenda and Tom want to save $30,000 over the next four years for a down payment on

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Brenda and Tom want to save $30,000 over the next four years for a down payment on a house. What amount must they regularly save from their month-end pay cheques if their savings can earn 5.5% compounded semiannually?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:48 AM

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Brenda and Tom want to save $30,000 over the next four years for a down payment on

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Business Mathematics In Canada

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