Question: [ 2 0 pts ] A contractor wishes to set up a special fund by making uniform semi annual end - of - period deposits

[20pts] A contractor wishes to set up a special fund by making uniform semi annual end-of- period deposits for 20 years. The fund is to provide $10,000 at the end of each of the last 5 years of the 20-year period.
(10pts) If the interest rate is 6%, compounded semiannually, what is the required semiannual deposit?
(10pts) What if the interest rate is 5%, compounded continuously?
[20pts] A contractor wishes to set up a special fund by making uniform semi annual end-of- period deposits for 20 years. The fund is to provide $10,000 at the end of each of the last 5 years of the 20-year period.
(10pts) If the interest rate is 6%, compounded semiannually, what is the required semiannual deposit?
(10pts) What if the interest rate is 5%, compounded continuously?

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