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To finance a vacation in 2 years, Elsie saves $ 3 8 0 at the beginning of every six months in an account paying interest
To finance a vacation in years, Elsie saves $ at the beginning of every six months in an account paying interest at compounded semiannually.
a What will be the balance in her account when she takes the vacation?
b How much of the balance will be interest?
c If she waits an additional year to start her vacation, and continues to save the same amount of money, how much more money does she have to spend?
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