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

A sum of money invested now at 10 percent compounded semi annually is to provide payments of 1500 dollars 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 money will the investment earn?

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