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How much does billy have to deposit today

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Question - Billy plans to withdraw $600 at the end of every 3-months for 15-years from a fund. He wants to make his first withdrawal 3-months from today. How much does Billy have to deposit today if interest is earned at j4= 6% for the first 11-years and j4= 8% for the last 4-years?

Reference no: EM132829775

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