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You wish to accumulate $11,516 in 9 years. Payments are made at the end of every six-month period into an account earning 8.3% compounded semi-annually.

You wish to accumulate $11,516 in 9 years. Payments are made at the end of every six-month period into an account earning 8.3% compounded semi-annually. Find the required payment amount to accomplish your goal.

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