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Rachel invested the profit of his business in an investment fund that was earning 3 . 5 0 % compounded monthly. He began withdrawing $

Rachel invested the profit of his business in an investment fund that was earning 3.50% compounded monthly. He began withdrawing $3,500 from this fund every 6 months, with the first withdrawal in 5 years. If the money in the fund lasted for the next 6 years, how much money did he initially invest in the fund?

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