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Alyssa just won a law suit and plans to put the proceeds aside for her special brother so that he will have an income of
Alyssa just won a law suit and plans to put the proceeds aside for her special brother so that he will have an income of $20,000 per year for the next 20 years. He will receive $10.000 every six months. The account earns 6% compounded semiannually. How much should Alyssa pay for such an arrangement?
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