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Adelaide is buying a house and must save $20,000 for a down payment. She has four years to save. Assume she can invest her money
Adelaide is buying a house and must save $20,000 for a down payment. She has four years to save. Assume she can invest her money in an account that earns 10% interest compounded semi-annually. What equal annual amount must she invest at the end of each of the next four years to reach her goal of $20,000?
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