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You want to have $500,000 in your bank account in 12 years. How much do you have to deposit into the account every 6 months,

You want to have $500,000 in your bank account in 12 years. How much do you have to deposit into the account every 6 months, beginning immediately? You will make deposits in an account that pays 4% annual interest.

a. $14.122.75

b. $16.435.55

c. $17,883.29

d. $16,002.28

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