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7) William receives an inheritance of $75,000. He invests the lump sum at a rate of interest of 4% compounded quarterly. Two years later he

7) William receives an inheritance of $75,000. He invests the lump sum at a rate of interest of 4% compounded quarterly. Two years later he begins to deposit $1,000 at the end of every 6 months and earns 6% compounded semi-annually. What is the value of Williams investments after 5 years from the original investment? I/Y P/Y C/Y N PV PMT FV

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