You would like to buy a car in 2 years. The car will cost $10,000...
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Accounting
You would like to buy a car in 2 years. The car will cost $10,000 and the bank offers semiannual compounding on your savings account at an annual interest rate of 3%. How much do you need to contribute to the account at the end of each six-month period?
answer: $2,444
Plz show working progress.
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