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What should be the size of Gandalf s biweekly deposits in order to accumulate $ 5 0 , 0 0 0 in an account that

What should be the size of Gandalf

s biweekly deposits in order to accumulate $

50, 000

in an account that pays

4.87 % /

year interest for

13

years? How much interest will he earn?

(

Consider a

50 -

week year

)

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