Business, 18.03.2021 01:30, collinedwards5011

Beginning in 3 years, a new Booster Club at a certain high school would like to award an outstanding senior on the varsity soccer team with a check of $1,000 towards the student's college tuition. Since there is a boy and girl team, they wish to award one senior boy and one senior girl the same amount of money. Thus, the club will need $2,000 at the end of 3 years. How much must the booster club invest each semiannual period in an account that pays 6% per year compounded semiannually to have the desired funds in 3 years

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Beginning in 3 years, a new Booster Club at a certain high school would like to award an outstanding...