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You will make semi-annual deposits into an account that pays an effective semi- annual rate (EPR) of 4.5%. If you require $4,000,000 when you retire

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You will make semi-annual deposits into an account that pays an effective semi- annual rate (EPR) of 4.5%. If you require $4,000,000 when you retire 20 years from today (payments made at the end of each period), how much will each of your semi- annual deposits be? Enter your answer in 2 decimal places, do not use units. For example if your answer is $1.234.567 enter 1234.57 ce 3

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