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Account paying 8 percent compounded semi-annually

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Corona has inherited RM6,000 from the death of Grandma Elisa. She would like to use this money to buy her mom Hayley a new scooter costing RM7,000 2 years from now. Will Corona have enough money to buy the gift if she deposits her money in an account paying 8 percent compounded semi-annually?

Reference no: EM132540263

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Account paying 8 percent compounded semi-annually : Corona has inherited RM6,000 from the death of Grandma Elisa. She would like to use this money to buy her mom Hayley a new scooter costing RM7,000
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