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A deposit is made every half-year into a savings account paying 3% interest compounded semiannually. The balance after 7 years is $ 16,000. Calculate the

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A deposit is made every half-year into a savings account paying 3% interest compounded semiannually. The balance after 7 years is $ 16,000. Calculate the rent of the increasing annuity. The rent is $0 (Do not round until the final answer. Then round to the nearest cent as needed.)

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