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How much money did initially invest in the fund

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Problem 1: Alicia invested the profit of her business in an investment fund that was earning 3.50% compounded monthly. In 4 years, she began withdrawing $3,500 from this fund at the end of every 6 months. If the money in the fund lasted for the next 6 years, how much money did she initially invest in the fund?

Reference no: EM132752530

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