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Six months from today , you wish to begin making an infinite series of semiannual withdrawals of $600 each from an account that offers an
Six months from today, you wish to begin making an infinite series of semiannual withdrawals of $600 each from an account that offers an annual stated rate of interest, r = 10 percent compounded semiannually. To make this possible you plan to make a single deposit today, at the beginning of year one. What must be the amount of this deposit?
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