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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 $ at the end of each month period for the next years. Round your answers to the nearest cent.
a As the accountant, calculate how much in $ the insurance company must set aside now at 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 $ at the end of each month period for years and the insurance company earned interest compounded quarterly?
$
c How much in $ would the insurance company have to invest now if the Apollo settlement was paid at the beginning of each month period rather than at the end?
$
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