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You would like to buy a car in 2 years. The car will cost $10,000...

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Accounting

You would like to buy a car in 2 years. The car will cost $10,000 and the bank offers semiannual compounding on your savings account at an annual interest rate of 3%. How much do you need to contribute to the account at the end of each six-month period?

answer: $2,444

Plz show working progress.

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