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Starting six months after her grandson Robin's birth, Mrs. Devine made deposits of $200 into a trust fund every six months until Robin was twenty-one
Starting six months after her grandson Robin's birth, Mrs. Devine made deposits of $200 into a trust fund every six months until Robin was twenty-one years old. The trust fund provides for equal withdrawals at the end of each six months for two years, beginning six months after the last deposit. If interest is 5.78% compounded semi-annually, how much will Robin receive every six months?
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