Supposed that your paychecks are issued on the 1st and the 15th of each month, and that you deposit a portion of each paycheck into an account that earns 6% interest. How much would you need to deposit from each paycheck in order to have $20,000 in the account in 9 years?

$


How much money will you have deposited into the account by the end of the 9 years?
**NOTE: FIRST, round your payments to the nearest penny to calculate this amount.

$


How much interest will you have earned on the account?

$
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