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1.To the nearest penny, how much would you need to contribute semiannually to a 5% annuity to have $30,000 in eight (8) years? Part 2.

1.To the nearest penny, how much would you need to contribute semiannually to a 5% annuity to have $30,000 in eight (8) years? Part 2. Grandpa wishes to establish a $200,000 college fund for his new granddaughter.The finds a 5.35% annuity and plans to contribute monthly for the next 18 years.How much are his monthly payments?

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