How much does she have to deposit each time

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Question: (Compound annuity) Nina is planning to pay $50,000 for her master's degree 4 years from today. She wants to accumulate these funds through semi-annual equal savings in a bank that offers 10 percent annual interest rate. If Nina makes her deposits at the end of June and December every year, how much does she have to deposit each time?

Reference no: EM131488102

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