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A trust fund for a 12-year-old child is being set up by a single payment so that at age 21 the child will receive $21

A trust fund for a 12-year-old child is being set up by a single payment so that at age 21 the child will receive $21 comma 000. the child will receive $21000. Find how much the payment is if an interest rate of 7% compounded semiannually is assumed.

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