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a. You plan to make five deposits of $1,000 each, one every 6 months, with the first payment being made in 6 months. You will

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a. You plan to make five deposits of $1,000 each, one every 6 months, with the first payment being made in 6 months. You will then make no more depasits. 1f the bank pays 4\% nominal interest, compounded semiannually, how much will be in your account after 3 years? Do not round intermediate calculations. Round your anower to the nearest cent. b. One year from today you must make a payment of $10,000. To prepare for this payment, you plan to make two equal quarterfy deposits (at the end of quarters 1 and 2 ) in a bank that pays 4% naminal interest compounded quarterfy. How large must each of the two poyments be? Do not round intermediate calculations. Round your annwar to the nearest cent

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