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Determine the accumulated value of monthly deposits of $730 each after 6 years if the deposits earn 8.6%/year compounded semi-annually. Assume that the deposits


Determine the accumulated value of monthly deposits of $730 each after 6 years if the deposits earn 8.6%/year compounded semi-annually. Assume that the deposits are made at the end of each month and that compound interest is paid for part of an interest period (i.e. for any fractional interest compounding period).

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