What is the required semi-annual deposit to be made

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A chemical engineer wishes to set -up a special fund by making a uniform semi-annual end- of period deposits for 20 years. The fund is to provide a 100,000 at the endof each of the last five years of a 20 year period. If interest is 8% compounded semi-annually, what is the required semi-annual deposit to be made?

Reference no: EM131247758

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