Question: Problem 04.048 Equivalence when PP CP How much would your parents have to deposit each month into an account that grows at a rate of

Problem 04.048 Equivalence when PP CP How much would your parents have to deposit each month into an account that grows at a rate of 7% per year compounded bi- monthly (compounded once in two months) if they want to have $68,000 at the end of year 4 to cover part of your college expenses? Assume no interperiod compounding. Parents have to deposit $ each month

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