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Your aunt Daisy left you some money in her will. You would like to leave some of that money in a savings account for ten
Your aunt Daisy left you some money in her will. You would like to leave some of that money in a savings account for ten years, at which time you wish to receive $7600.00 at the end of each 6 months for nine years. At an interest rate of 6.5% compounded semi-annually, how much of your inheritance must you set aside for this to be possible?
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