Invest in the money market

Assignment Help Financial Accounting

Reference no: EM13940327

Have 5750 in a money market account paying 5.65 percent compounded semi-annually. Plan to use the savings over the next five years to make a down payment. She needs 15000 in 5 years how much does she need to invest in the money market account semi-annually over the next five years.

Reference no: EM13940327

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