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Previous Problem Problem List Next Problem (1 point) Billy plans to withdraw $600 at the end of every 3-months for 16 years from a fund.

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Previous Problem Problem List Next Problem (1 point) Billy plans to withdraw $600 at the end of every 3-months for 16 years from a fund. He wants to make his first withdrawal 3-months from today. How much does Billy have to deposit today if interest is earned at 14 = 8% for the first 10-years and 14 = 5% for the last 6-years? Answer: $

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