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QUESTION 4 You decide to deposit $100 in the bank today and to make 10 additional deposits every 6 months beginning 6 months from now,

QUESTION 4 You decide to deposit $100 in the bank today and to make 10 additional deposits every 6 months beginning 6 months from now, the first of which will be $75 and increasing $25 per deposit after that. A few minutes after making the last deposit, you decide to withdraw all the money deposited. If the bank pays 6% nominal interest compounded semiannually, how much money will you receive

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