Calculate the amount of money rebecca had to deposit

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Question - Sean wants to set up a fund for his son's education such that he could withdraw $1,727.00 at the beginning of every 3 months for the next 4 years. If the fund can earn 4.10% compounded semi-annually, what amount could he deposit today to provide the payment?

Calculate the amount of money Rebecca had to deposit in an investment fund growing at an interest rate of 3.50% compounded annually, to provide his daughter with $13,500 at the end of every year, for 4 years, throughout undergraduate studies.

Reference no: EM133148332

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