Question: A saving system yields $5,000 at the end of the first six months, and a further $1,000 increase every six months for a total of

A saving system yields $5,000 at the end of the first six months, and a further $1,000 increase every six months for a total of 5 years. Find the equivalent amount A, at the end of each six month period, if the nominal interest rate is 20% compounded semi-annually?

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