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I need help with this question. Is there a formula that goes with it? John wants to save money for his son's education. John has
I need help with this question. Is there a formula that goes with it?
John wants to save money for his son's education. John has decided to place $2,971 every half year at the end of the period into a saving account earning 7.13 percent per year, compounded semi-annually for the next 12 years. How much money will be in the account at the end of that time period? Please assist.
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