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Diane has an insurance policy with a cash value at age 65 that will provide quarterly payments of $130 for 5 years, first payment one
Diane has an insurance policy with a cash value at age 65 that will provide quarterly payments of $130 for 5 years, first payment one quarter after reaching 65. If the insurance company pays 8.6%/year compounded daily on its funds, what is the cash value at age 65?
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