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You and your partner are planning to save to purchase a business in 5 years for $ 1 8 0 , 0 0 0 ,
You and your partner are planning to save to purchase a business in years for $ where you will be responsible for of the purchase price and your partner will be responsible for the remaining
You have opened a bank account where you intend to make regular deposits at the end of each quarter. The bank has advised you at the account has annual interest which will be compounded quarterly.
Your partner has also opened a bank account where they intend to make regular deposits semiannually and the bank has advised them that the account has annual interest compounded semiannually.
How much do you and your partner need to deposit per each respective instalment? Please ensure your answer is rounded up to the nearest whole number.
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