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You want to be able to withdraw $6500 from an account at the end of...

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Accounting

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You want to be able to withdraw $6500 from an account at the end of each 6-month period (that is, twice a year) for the next 7 years. How much money should you Invest now into an account earning 4.9% Interest per year, compounded every 6 months, in order to fund the desired withdrawals? Assume the account is empty after the last withdrawal is made Give the answer correctly to 2 decimal places The amount to invest now is dollars

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