Juan wants to have 45000 available to make a down payment


Juan wants to have $45,000 available to make a down payment on a house at the end of 4 years. His account earns 6% compounded semi-annually (2 times per year).

How much does Juan need to invest every 6 months to reach his goal? (Beginning of period)

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Financial Management: Juan wants to have 45000 available to make a down payment
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