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1. A sum of money invested now at 10 percent compounded semi-annually is to provide payments of $1500 every 6 months for 8 years, with

1. A sum of money invested now at 10 percent compounded semi-annually is to provide payments of $1500 every 6 months for 8 years, with the first payment due 6 months from now. a) How much money should be invested? b) How much interest will the investment earn? need this with in 15 mintues

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