Monica would like to receive 376000 at the end of every six, Finance Basics

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Monica would like to receive 376000 at the end of every six

Monica would like to receive $3760.00 at the end of every six months for 8 years after her retirenment. If she retires ten years from now and interest is 6.5% compounded semi-annually, how much must she deposit into an account every sixmonths starting now?

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Finance Basics: Monica would like to receive 376000 at the end of every six

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