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  3. 6. a worker age 40 wishes to accumulate a fund for

6. A worker age 40 wishes to accumulate a fund for retirement by depositing $3000...

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Accounting

6. A worker age 40 wishes to accumulate a fund for retirement by depositing $3000 at the beginning of each half a year for 25 years. Assuming all payments are certain to be made, find the amount he will pay, if the effective interest rate is 8% compounded annually.

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