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has an insurance policy with a cash value at age 65 that will provide semi-annual payments of $4900 for 6 years, first payment one half-year
has an insurance policy with a cash value at age 65 that will provide semi-annual payments of $4900 for 6 years, first payment one half-year after reaching 65. If the insurance company pays 6.4%/year compounded weekly on its funds, what is the cash value at age 65? (Enter the value only; do NOT add a $ sign.)
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