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Mathematics 14 Online
OpenStudy (anonymous):

You would like to have $3,500 in 5 years for a special vacation following graduation by making deposits at the end of every six months in an annuity that pays 4.5% compounded semiannually. How much should you deposit at the end of each month to achieve this financial goal? Do not round until the final answer. Then, round to the nearest dollar as needed.

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