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A father established a fund for his daughter to study at MIT. All majors have a duration of 9 semesters. Due to inflation, the registration

A father established a fund for his daughter to study at MIT. All majors have a duration of 9 semesters. Due to inflation, the registration fee increases each semester by 6%. The fund (the savings account) pays 6% effective interest every six months. What is the total amount of deposit the parent should make if the first semester enrollment is $ 30,000? Assume that payment is made at the end of each semester.

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