Business in investment fund

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Reference no: EM133208516

Question

Jordan invested the profit of her business in an investment fund that was earning 2.25% compounded monthly. She began withdrawing $3,500 from this fund every 6 months, with the first withdrawal in 4 years. If the money in the fund lasted for the next 7 years, how much money did she initially invest in the fund?

Reference no: EM133208516

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