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You would like to have $2500 in 4 years for a special vacation following graduation by making deposits at the end of every six months
You would like to have $2500 in 4 years for a special vacation following graduation by making deposits at the end of every six months in an annuity that pays 8% compounded semiannually. Answer parts (a) and (b). Click the icon to view some finance formulas. a. How much should you deposit at the end of every six months? In order to have $2500 in 4 years, you should deposit $at the end of every six months. (Do not round until the final answer. Then round up to the nearest dollar.)
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