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TB SA Qu . 1 3 - 8 8 ( Static ) Use the tables in the... Use the tables in the handbook. What must

TB SA Qu

. 13 - 88 (

Static

)

Use the tables in the...

Use the tables in the handbook. What must you invest today in order to receive an annuity of $

6, 000

for four years semiannually at

12 % ?

All withdrawals will be made at the end of each period.

Note: Round your answer to the nearest cent.

Investment

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