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Chris is saving for a down payment to buy a house. The account earns 3.9% interest compounded semi-annually, and he wants to have $8,000 in 10 years.

What must his principal be? Round your answer to the nearest cent and do not include the dollar sign. Do not round at any other point in the solving process; only round your answer.

1 Answer

5 votes

Answer:

correct answer is $5,834.99.

User Johnatan
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