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**dragasma** Jen plans to invest $10 000. She plans to travel through EUrope when she graduates from university in five years. Jen deposits the 10 000 today and leaves it in the bank earning an interest rate of 6.5%/a compounded semi-annually.

a) If she withdraws $8 000 at the end of 5 years for her trip to Europe, how much will she still have in her account? Show all calculations.

b) If this amount (your answer from part a) is left in the account at the same interest rate, how much would she have in her account to put towards a car when she returns from Europe a year later?