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Caleb invested his savings in a bank at 4.00% compounded monthly. How much money did he invest to enable withdrawals of $4,500 at the beginning

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Caleb invested his savings in a bank at 4.00% compounded monthly. How much money did he invest to enable withdrawals of $4,500 at the beginning of every 6 months from the investment for 5 years, if the first withdrawal is to be made in 11 years? $0.00 Round to the nearest cent Question 4 of 7 SUBMIT

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