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Question Suppose you invest in an annuity that pays 5% interest, compounded semiannually. How much will you need to invest, semiannually, to reach a savings

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Question Suppose you invest in an annuity that pays 5% interest, compounded semiannually. How much will you need to invest, semiannually, to reach a savings goal of $500,000 at the end of 25 years? Enter your answer rounded to the nearest dollar. Omit the dollar sign and the comma. (For example, 84,320.18 should be entered as 4320) Provide your answer below: =

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