Question: Riley wants to have $ 2 2 3 , 9 5 9 in her savings account in 9 years. Riley opened her savings account with

Riley wants to have $223,959 in her savings account in
9 years. Riley opened her savings account with an initial
deposit. Riley intends to make equal deposits of $6,000
into the savings account at the end of every six months
for the next nine years. Riley will earn 12% interest
compounded semi-annually on all deposits with the bank.
Calculate the amount of the initial deposit that Riley
must make in order to have $223,959 in her account in
nine years.
 Riley wants to have $223,959 in her savings account in 9

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