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Sagheer is setting up a fund to help his grandson's university education. He wants his grandson to be able to withdraw $3000 every 3 months

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Sagheer is setting up a fund to help his grandson's university education. He wants his grandson to be able to withdraw $3000 every 3 months for 3 years after he starts university. His first withdrawal will be 5 years from now. If the fund can earn 7.2% compounded quarterly, what single amount contributed today will provide for the withdrawal? Select one: A. $42 041 B. $32 119 C. $36 000 D. $52 077 O E. $22 083

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