Question: A man develop a 6-month savings plan to accumulate $ 40,000 for a car down payment, through deposits at the beginning of every fortnight, in

A man develop a 6-month savings plan to accumulate $ 40,000 for a car down payment, through deposits at the beginning of every fortnight, in an investment fund that guarantees an interest rate of 8% per year for a biweekly convertible. How much should the deposits of each fortnight amount?

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