You wish to receive payments at the end of every year for the next five years, starting
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You wish to receive payments at the end of every year for the next five years, starting at $5000 per year. Your payment amount is expected to increase by 6% every year. If money is worth 6% compounded semi-annually, how much should you invest now?
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Related Book For 
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
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