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Martin wants to accumulate $ 1 5 0 , 0 0 0 saved up in 5 years, and he plans to make investments as follows:

Martin wants to accumulate $150,000 saved up in 5 years, and he plans to make investments as follows:
I. $30,000 in 1 year
II. $50,000 in 2 years, 3 months
III. A third investment in 3 years, 6 months
Martin will also require a withdrawal of $15,000 at the end of 3 years for personal reasons. Suppose all his investments earn 2.95% compounded monthly. Determine the size of his third investment.

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