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Chris needs to buy a new stove in 5 years. He starts to deposit money quarterly, with the first saving in 3 month. If his
Chris needs to buy a new stove in 5 years. He starts to deposit money quarterly, with the first saving in 3 month. If his investment earns 5% APR compounded semi-annually, how much he should invest every three month to buy a $2000 stove in 5 years? (Round your answer to two decimals.) $180.97 a $89.26 0 $88.71 $79.50
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