Will colin have enough money to buy the scooter

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Question - Colin has inherited $6000 from the death of his grandmother. He would like to use the money to buy his mother a new Harley scooter costing $7000 two years from now. Will Colin have enough money to buy the scooter if he deposits his money in an account paying 8% compounded semi-annually.

Reference no: EM132563984

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