f. To help you reach your $1,000 goal, your father offers to give you $400 one year

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f. To help you reach your $1,000 goal, your father offers to give you $400 one year from now. You will get a part-time job and make 6 additional deposits of equal amounts each 6 months thereafter. If all of this money is deposited in a bank that pays 8%, compounded semiannually, how large must each of the 6 deposits be?

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Muhammad Salman Alvi

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