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1 2 Calculate the maturity value of end-of-month payments of $8,500 made for 4 years into an investment fund that earns 5.50% compounded quarterly. Round
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Calculate the maturity value of end-of-month payments of $8,500 made for 4 years into an investment fund that earns 5.50% compounded quarterly. Round to the nearest cent Samuel wants to set up a fund for his son's education such that he could withdraw $2,263.00 at the beginning of every 3 months for the next 5 years. If the fund can earn 2.10% compounded semi-annually, what amount could he deposit today to provide the payment? Round your answer to the nearest centStep by Step Solution
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