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4.12 Pacific Airlines is planning to accumulate $500,000 to fund a scheduled engine overhaul in three years. How much should Pacific deposit every month in

4.12 Pacific Airlines is planning to accumulate $500,000 to fund a scheduled engine overhaul in three years. How much should Pacific deposit every month in an account that pays 10 percent interest per year compounded semi-annually to accumulate the cost of engine overhaul in three years?

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