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Deposit into an account every six months

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Monica would like to receive $3,760.00 at the end of every six months for 8 years after her retirement. If she retires 10 years from now and interest is 6.5% compounded semi-annually, how much must she deposit into an account every six months starting now?

Select one:

a. $1,826.32
b. $1,632.32
c. $1,268.23
d. $1,628.23
e. $1,862.23

Reference no: EM131757925

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