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Kabir wants to accumulate $118,000 in 4 years. To reach his goal, he plans on...

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Accounting

Kabir wants to accumulate $118,000 in 4 years. To reach his goal, he plans on making equal semiannual deposits into an investment account that earns 6% annually. How much must Kabir invest every six months? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.)

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