The Donald Duck Boys & Girls Club had a fund-raising campaign to build a swimming...
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The Donald Duck Boys & Girls Club had a fund-raising campaign to build a swimming pool in 5 years. Members raised $785,000; the pool is estimated to cost $1,275,000. The money will be placed in the local bank, which pays 10% compounded semiannually. a) Will the Boys & Girls Club have enough money to pay for their pool at the end of 5 years? b) How much money will they have at the end of 5 years?
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