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Find the amount necessary to fund the given withdrawals. Semiannual withdrawals of $700 for 8 years; interest rate is 4.9% compounded semiannually. The amount necessary

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Find the amount necessary to fund the given withdrawals. Semiannual withdrawals of $700 for 8 years; interest rate is 4.9% compounded semiannually. The amount necessary to fund the given withdrawals is $ ___. (Round to the nearest cent as needed.)

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