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Problem 2. A lady wishes to withdraw $7,400 from her investment account that she has in Santander, at the end of each four-month period for
Problem 2. A lady wishes to withdraw $7,400 from her investment account that she has in Santander, at the end of each four-month period for 2 years. How much will you need to have deposited at the beginning to be able to make those withdrawals in the next two years? The interest rate is 6% per year.
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