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Riley wants to have $ 2 2 3 , 9 5 9 in her savings account in 9 years. Riley opened her savings account with
Riley wants to have $ in her savings account in
years. Riley opened her savings account with an initial
deposit. Riley intends to make equal deposits of $
into the savings account at the end of every six months
for the next nine years. Riley will earn interest
compounded semiannually on all deposits with the bank.
Calculate the amount of the initial deposit that Riley
must make in order to have $ in her account in
nine years.
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