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  • Jan 25, 2012, 08:35 PM
    kristymaire_xo
    Simple Interest
    Joe went on the internet and looked up his dream car. The model that he would dream to have is around p,000 to buy brand new. If Joe made regular deposits every 6 months over the next 19 years at a rate of 4% compounded semi-annually , how how much would Joe have to deposit every 6 months in order to be able to pay for his dream car by the age of 35?

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