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Posted by on Friday, March 18, 2011 at 6:02pm.

2. How much should be deposited now at 9% compounded semiannually to make possible withdrawals of $13,000 every 6 months for the next 12 years

  • Math Finite - , Friday, March 18, 2011 at 9:27pm

    present value = 13000[1 - 1.045^-24]/.045
    = ....

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