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7. (General, Solve for PMT - HINT: Look at the different years, what does this mean when it comes to solving this question?) How much
7. (General, Solve for PMT - HINT: Look at the different years, what does this mean when it comes to solving this question?) How much will you need to deposit into an account at the end of every 3 months for 5 years if you want to have a balance of $150,000 in 15 years and interest is 4% compounded semi-annually? Use the proper formula. (8 marks)
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