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Garrett invested his savings in a bank at 5.00% compounded quarterly. How much money did he invest to enable withdrawals of $2,500 at the beginning

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Garrett invested his savings in a bank at 5.00% compounded quarterly. How much money did he invest to enable withdrawals of $2,500 at the beginning of every 6 months from the investment for 7 years, if the first withdrawal is to be made in 8 years

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