You plan to save money for a down payment of 31 000 to purchase an apartment You can only afford to save 6 000 at the end of

Question

You plan to save money for a down payment of 31 000 to purchase an apartment You can only afford to save 6 000 at the end of every 6 months into an account that earns interest at 6 50 compounded monthly How long will it take you to save the planned amount years months Express the answers in years and months rounded to the next payment period

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