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Suppose an investment fund has an interest rate of 4 . 8 2 % compounded semi - annually. How much would an investor need to

Suppose an investment fund has an interest rate of

4.82 %

compounded semi

-

annually.

How much would an investor need to invest in the fund today in order to receive $

4, 000

at the end of every quarter for

14

years if the first payment will be in

8

years?

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