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Amortization Question: Ariel invested her savings in a bank at 3.00% compounded monthly. How much money did she invest to enable withdrawals of $4,000 at
Amortization Question:
Ariel invested her savings in a bank at 3.00% compounded monthly. How much money did she invest to enable withdrawals of $4,000 at the beginning of every 6 months from the investment for 5 years, if the first withdrawal is to be made in 7 years? (Round to the nearest cent)
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