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70 CHAPTER 2 2.45 You wish to accumulate $50,000 by semiannual deposits of $800 commenc- ing at time 0 and for as long as necessary.

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70 CHAPTER 2 2.45 You wish to accumulate $50,000 by semiannual deposits of $800 commenc- ing at time 0 and for as long as necessary. The nominal rate of interest is 6% convertible monthly. Find how many regular deposits are necessary

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