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An individual is planning for retirement and wants to receive annual payments of $30,000 beginning when she is 60 and ending when she is 80.
An individual is planning for retirement and wants to receive annual payments of $30,000 beginning when she is 60 and ending when she is 80. Determine how much she will need to invest at age 60 into an account which earns 10% compounded semiannually. ($281,108.58) Cannot use Excel.
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