Question: [ 2 0 pts ] A contractor wishes to set up a special fund by making uniform semiannual end - ofperiod deposits for 2 0

[20pts] A contractor wishes to set up a special fund by making uniform semiannual end-ofperiod 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.
a.(10pts) If the interest rate is 6%, compounded semiannually, what is the required semiannual deposit?
b.(10pts) What if the interest rate is 5%, compounded continuously?
[ 2 0 pts ] A contractor wishes to set up a

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