How much would your parents have to depositeach month into

Chapter 4, Problem 4.48

(choose chapter or problem)

How much would your parents have to depositeach month into an account that grows at a rate of12% per year, compounded semiannually, if theywant to have $80,000 at the end of year 3 to coverpart of your college expenses? Assume no interperiodcompounding. Also, write the spreadsheetfunction to display the monthly amount.

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