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How much of your winnings must you set aside

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Question - You won $250,000.00 in a lottery and you want to set some of that sum of money aside for 6 years. After 6 years you would like to receive $3710.00 at the end of every 6 months for 10 years. If interest is 6% compounded quarterly, how much of your winnings must you set aside?

Reference no: EM132522410

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