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QUESTION
How much would your parents have to deposit each month into an account that grows at a rate of 12% per year compounded semi-annually if they want to have $80,000 at the end of year 3 to cover part of
How much would your parents have to deposit each month into an account that grows at a rate of 12% per year compounded semi-annually if they want to have $80,000 at the end of year 3 to cover part of your college expenses? assume no interperiod compounding?
