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You would like to purchase a new vehicle in 4 years. You plan to save $3,500 from each of your semi-annual bonuses for the next
You would like to purchase a new vehicle in 4 years. You plan to save $3,500 from each of your semi-annual bonuses for the next four years and invest it at 8% compounded semi-annually. What amount will you have accumulated at the end of 4 years?
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