deposits $1,000 now, $2,000 2 years from now, and $5,000 5 years from now into a fund paying 12% compounded semiannually.
a. What sum of money will be accumulated at the end of sixth year?
b. What equal deposits of size A, made every 6 months (with the first deposit at t=0 and the last deposit at the end of the sixth year), are equivalent to the three deposits?
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