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Molly Scupper Wants to Attend Clarke University

Question 8

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Molly Scupper wants to attend Clarke University. She will need $90,000 eight years from today. Assume Molly's bank pays 6% interest compounded semiannually. What must Molly deposit today to have $90,000 in eight years? Verify your answer.

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$90,000 × .6232 = $56,088; Ver...

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