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A parent wants to determine what unique amount they would have to deposit on the day their child was born, into an account that earns

A parent wants to determine what unique amount they would have to deposit on the day their child was born, into an account that earns 7.5% nominal annually, compounded semi-annually so that their child has $ 5,000 available on each of their 18th, 19th, 20th and twenty-one.

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