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Apollo Enterprises has been awarded an insurance settlement of $ 6 , 0 0 0 at the end of each 6 month period for the

Apollo Enterprises has been awarded an insurance settlement of $6,000 at the end of each 6 month period for the next 13 years. (Round your answers to the nearest cent.)
(a)
As the accountant, calculate how much (in $) the insurance company must set aside now at 6% interest compounded semiannually to pay this obligation to Apollo
(b)
How much (in $) would the insurance company have to invest now if the Apollo settlement was changed to $3,000 at the end of each 3 month period for 13 years and the insurance company earned 8% interest compounded quarterly?

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