Assume that you want to accumulate 20000 as a down payment, Financial Accounting

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Assume that you want to accumulate 20000 as a down payment

Assume that you want to accumulate $20,000 as a down payment on a home. You believe that you can save $2,000 per semiannual period, and your bank will pay interest of 6% per year, or 3% per semiannual period. How long will it take you to accumulate the desired amount?

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Financial Accounting: Assume that you want to accumulate 20000 as a down payment

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Financial Accounting: Assume that you want to accumulate 20000 as a down payment

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