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What amount is needed to fund semi-annual withdrawals of $900 for 7 years at an interest rate of 4.6%, compounded semiannually too. Round to the

What amount is needed to fund semi-annual withdrawals of $900 for 7 years at an interest rate of 4.6%, compounded semiannually too.

Round to the nearest cent. How does a financial advisor go about determining the answer? What's the correct formula. Thanks.

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