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this is a math16269 problem Giacomo's wealthy uncle wants to know how much he needs to deposit in Giacomo's savings account so that his nephew

this is a math16269 problem

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Giacomo's wealthy uncle wants to know how much he needs to deposit in Giacomo's savings account so that his nephew can withdraw $2,500 at the beginning of each month for the two and a half years he is in college? Giacomo's high interest saving account earns 7.8% interest compounded twice a month. Round to two decimal places

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