qwertyuiop85 qwertyuiop85

19-03-2024
Mathematics

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How much money should Derek invest today into a fund that earns interest at 4.50% compounded quarterly, if he wants to receive $5,750 at the end of every 6 months for the next 3 years? Round to the nearest dollar.
a. $100,000
b. $110,000
c. $120,000
d. $130,000

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