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A fund of 9,000 is to be accumulated by semiannual payments of 250. If the fund earns interest at 10% compounded semiannually, what is the

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A fund of 9,000 is to be accumulated by semiannual payments of 250. If the fund earns interest at 10% compounded semiannually, what is the number of payments required and what is the amount of the final deposit? (a) 20 payments of 250 and the 21st payment of 320.19 (b) 20 payments of 250 and the 21st payment of 70.19 (c) 21 payments of 250 (d) 21 payments of 250 and the 22nd payment of 320.19

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