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A scholarship fund is to be set up to provide monthly scholarship of $975. If the first payment is due in 6 years and interest

A scholarship fund is to be set up to provide monthly scholarship of $975. If the first payment is due in 6 years and interest is 7.2% compounded semi-annually, what sum of money must be deposited in the scholarship fund today?

Please don't answer if you're not 100% sure and please indicate the answer like THE ANSWER IS...... Thank you!

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