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OpenStudy (anonymous):
You would like to have $130,000 in 8 years by making regular deposits at the end of every six months in an annuity that pays 10% compounded semiannually. How much should you deposit every six months? In your calculations, do not round until the final answer. Then, round the monthly payment to the nearest dollar.
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OpenStudy (anonymous):
$5,495.09 would be your answer I believe
OpenStudy (anonymous):
thats what i got too :) thanks!
OpenStudy (anonymous):
your welcome :)
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