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3) Suppose you can earn interest at a 10% annual effective rate for the next 5 years and at 6% convertible semi-annually for the 10

3) Suppose you can earn interest at a 10% annual effective rate for the next 5 years and at 6% convertible semi-annually for the 10 years after that. What would be the required investment today to accumulate to 500,000 in 15 years

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