Question 1162034
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First, calculate the amount in the fund after the first 30 years.


*[tex \LARGE \ \ \ \ \ \ \ \ \ \ P\ =\ 380,000\(1\,+\,\frac{0.053}{2}\)^{2\cdot30}]


Then calculate the size of the semi-annual payments from the account for a period of 10 years (P is the result of the above calculation):


*[tex \LARGE \ \ \ \ \ \ \ \ \ \ PMT\ =\ \frac{\frac{0.053}{2}P}{1\,-\(1\,+\,\frac{0.053}{2}\)^{-2\cdot10}]
								
								
John
*[tex \LARGE e^{i\pi}\ +\ 1\ =\ 0]
My calculator said it, I believe it, that settles it
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*[tex \LARGE \ \ \ \ \ \ \ \ \ \  
								
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