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You have been accepted into college. The college guarantees that your tuition will not increase for the four years you attend college. The first $11,500
You have been accepted into college. The college guarantees that your tuition will not increase for the four years you attend college. The first $11,500 tuition payment is due in money every six months and has a fixed APR of 4.3% (with semiannual compounding) guaranteed to remain the same over the next four years. How much money must you made? (Note: Be careful not to round any intermediate steps less than six decimal places.) The amount of money you must deposit today is q (Round to the nearest cent.)
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