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If an investment can earn 5.75% compounded semi-annually, what minimum amount of money will sustain withdrawals of $950 at the beginning of every quarter year

If an investment can earn 5.75% compounded semi-annually, what minimum amount of money will sustain withdrawals of $950 at the beginning of every quarter year for 14 years? For full marks your answer(s) should be rounded to the nearest cent.

  1. Present value = $0.00

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