If they want to have 68000 at the end of year 4 to cover, Financial Management

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If they want to have 68000 at the end of year 4 to cover

How much would your parents have to deposit each month into an account that grows at a rate of7% per year compounded bi-monthly if they want to have $68,000 at the end of year 4 to cover part of your college expenses? Assume no interperiod compounding.

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Financial Management: If they want to have 68000 at the end of year 4 to cover

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