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Suppose $154 is deposited at the end of every year into an account earning 5.5% per annum compounded semi-annually. If the balance in the account
Suppose $154 is deposited at the end of every year into an account earning 5.5% per annum compounded semi-annually. If the balance in the account is to be $14,700, how many deposits are needed? The number of deposits needed is
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