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Mathematics 21 Online
OpenStudy (ddobos):

7) Every six months, Juanita deposits $500 into an interest-bearing account to save for her children’s tuition. The interest rate on the account is 6.9% compounding semiannually. What is the present value of the investment if Juanita’s children leave for college in 10 years?

OpenStudy (ssddss02):

10,690

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