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Jennifer wants to buy a car when she graduates from Central University 5 years from now. She believes that she will need $29,800 to buy

Jennifer wants to buy a car when she graduates from Central University 5 years from now. She believes that she will need $29,800 to buy the car. Calculate how much money Jennifer must put into her savings account today to have $29,800 in 5 years, assuming she can earn 10% compounded annually Calculate how much money Jennifer must put into her savings account today to have $29,800 in 5 years, assuming she can earn 10% compounded semiannually.

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