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Cornies LLP must withdraw $49,000 at the beginning of each semiannual period for the next eight years to satisfy its employee pension obligation. Assuming 4%

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Cornies LLP must withdraw $49,000 at the beginning of each semiannual period for the next eight years to satisfy its employee pension obligation. Assuming 4% interest with semiannual compounding, how much should the corporation invest today? Draw a timeline to illustrate the

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