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A financial product pays $50 cash every six months from 17 October 2020 until 17 October 2021 (inclusive). The product also pays a cash amount
A financial product pays $50 cash every six months from 17 October 2020 until 17 October 2021 (inclusive). The product also pays a cash amount of $1,000 on 17 October 2021. Assuming interest rates are 4% p.a. compounded semi-annually, what is the value of the investment on 17 April 2020?
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