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Problem: In planning for your buying your dream home, you have been depositing $600 biennially (every 6 months) into an account at your local credit

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Problem: In planning for your buying your dream home, you have been depositing $600 biennially (every 6 months) into an account at your local credit union where you have been earning 8% interest compounded biennially for the last 10 years. You will retire in 5 years and plan to increase your annual contribution from $1200 to $2400 by in increasing your biennial deposit to $1200 from $600. Additionally, you have just inherited $15,000, you will immediately deposit this money into an account paying 10% compounded annually for the next 5 years. How much will you have in your retirement nest egg 10 years from now

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