Solved: Suppose 693 is deposited at the end of every six months, Basic Computer Science

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Suppose 693 is deposited at the end of every six months

Suppose $693 is deposited at the end of every six months into an account earning 6.05% compounded semi-annually. If the balance in the account four years after the last deposit is to be $30 600.00, how many deposits are needed?

Please show all work and take into account the AFTER THE LAST DEPOSIT aspect of problem.

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Basic Computer Science: Suppose 693 is deposited at the end of every six months

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Basic Computer Science: Suppose 693 is deposited at the end of every six months

Reference No:- TGS01553969

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