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You are wishing to accumulate $15,000 for an expedition in 5 years' time. In order to do it, you will make 10 equal deposits (half
You are wishing to accumulate $15,000 for an expedition in 5 years' time. In order to do it, you will make 10 equal deposits (half yearly) with the first deposit today. If you earn 5.7% per annum compounding twice yearly, what deposit will be needed? (round to nearest cent)
Select one:
a.$1281.01
b.$1317.52
c.$653.49
d.$2532.58
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