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Suppose $174 is deposited at the end of every month into an account earning 11.6% per annum compounded semi-annually. If the balance in the account
Suppose $174 is deposited at the end of every month into an account earning 11.6% per annum compounded semi-annually. If the balance in the account is to be $17,800, how many deposits are needed? The number of deposits needed is
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