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How much should be deposited now into an account earning 8.4 % interest per year, compounded every 6 months, in order to fund withdrawals from
How much should be deposited now into an account earning 8.4 % interest per year, compounded every 6 months, in order to fund withdrawals from the account in the amount of $1500 at the end of each 6 month period for the next 9 years? The account is to be empty after the last withdrawal is made. Round to the dollar and do not include $ sign in your answer just the number
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