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ASSUME YOU NEED $100,000 AS AN ENDING BALANCE IN YOUR ACCOUNT ON DECEMBER 31, 2019.Assume that to help you achieve your $100,000 goal, a benefactor gives you $14,000 on December 31, 2010. You will then make 6 equal additional deposits on each June 30, 2011 through 2013 and on each December 31, 2011 through 2013. If all of this money is deposited in a bank account that pays 14 percent p.a., compounded semi-annually, how large must your deposits be?

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