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Victoria invested his savings in a bank at 4 . 0 0 % compounded quarterly. How much money did he invest to enable withdrawals of

Victoria invested his savings in a bank at

4.00 %

compounded quarterly. How much money did he invest to enable withdrawals of $

5, 000

at the beginning of every

6

months from the investment for

5

years, if the first withdrawal is to be made in

11

years?

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