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Bob the Builder intends to retire in 12 years and would like to receive $2,472 every six months for nine years starting on the date
Bob the Builder intends to retire in 12 years and would like to receive $2,472 every six months for nine years starting on the date of his retirement.How much must Bob deposit in an account today if interest is 6.65%compoundedsemi-annually?(Hint:drawa timeline).Round final answer to the nearest cent.
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