on 29 ted Richard Lionheart decides to begin saving toward the purchase of a car...
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on 29 ted Richard Lionheart decides to begin saving toward the purchase of a car in 4 years. He originally thought he would put $1200 in a savings account paying 7 percent compounded annually at the end of each of the next 4 years. However, rather than save once per year, be decides to save twice per year. What would be the ending amount if $600 payments were made every 6-months for 4 years and the account paid 7 percent compounded semiannually? out of 9 ion Select one: a $2,491.51 b. $5,172.15 c. $5,241.67 d. $5,431.01 e $5,335.40
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