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John Smith is considering purchasing a retirement product where he will receive the amount of 10000 with payments 3 times per year for a period

John Smith is considering purchasing a retirement product where he will receive the amount of 10000 with payments 3 times per year for a period of 2 years. He can invest at Beep Bank which is offering an interest rate of 24% added 3 times per year on the savings plan. How much should John invest today to purchase this product?

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