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You are wishing to accumulate $22,000 for an expedition in 5 years time. To do...

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Finance

You are wishing to accumulate $22,000 for an expedition in 5 years time. To do this, you will make 10 equal deposits (half yearly) with the first deposit today. If you earn 13.3% per annum compounding twice yearly, what deposit will be needed? (round to nearest cent)

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