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looking forward to retirement, you wish to accumulate$60,000 after 15 years by making deposits in an account that pays 9.75% interest compunded semiannually. you open
looking forward to retirement, you wish to accumulate$60,000 after 15 years by making deposits in an account that pays 9.75% interest compunded semiannually. you open the account with a deposit of$3200 and intend to make semiannual deposits, beginning 6 months later, from your profit-sharing bomus paychecks. Calculate how much these deposits should be.
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