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As a CFO of a company, you are asked by the company's board to make semiannual payments of $ 9 0 0 for 1 1

As a CFO of a company, you are asked by the company's board to make semiannual
payments of $900 for 11 years to a computer firm for computer maintenance. How much
money do you need to deposit into an interest bearing account paying 4.7% compounded
semiannually so that you can make all the $900 payments over this 11 year period?
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