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Business, 30.03.2020 17:17 webbjalia04

A woman is planning to retire in 10 years. She wishes to deposit a regular amount every six months until she retires, so that beginning one year following retirement she will receive annual payments of $20,000 for the next 20 years. How much must be deposited every six months if the annual nominal interestra te is 8%, compounded semiannually?

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