What equal annual amount must roberta invest

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Roberta is saving up to buy her first home. She needs to save $20,000 for a down payment. She has four years to save. Assume Roberta can invest her money in an account that earns 10% interest compounded semi-annually.

What equal annual amount must Roberta invest at the end of each of the next four years to reach her goal of $20,000?

Reference no: EM132073884

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