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Jack Walter recognizes the value of saving part of his income. He has set a goal to have $15000 in cash available for emergencies. Assume
Jack Walter recognizes the value of saving part of his income. He has set a goal to have $15000 in cash available for emergencies. Assume he invests semiannually to have $15000 in five years and the sinking fund he has selected pays 8% annually, compounded semiannually. Find the total interest earned on the sinking fund using the given table.
ata table Click the icnn to view the tatio. Tho total interest tearned wil be 1 (flound to the nearest cint as noedod) Data table Step by Step Solution
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