A couple wants to save 30000 in five years for a new car, Financial Management

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A couple wants to save 30000 in five years for a new car

A couple wants to save $30,000 in five years for a new car, They make semiannual deposits for the first three years into an account that pays 7% interest compounded Semiannually. The first payment is made one semiannual period from now, What is the size of the deposits?

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Financial Management: A couple wants to save 30000 in five years for a new car

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