What amount will be required to purchase

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Reference no: EM132151201

Question: What amount will be required to purchase, on an engineer's 40th birthday, an annuity to provide him with 30 equal semiannual payments of $1000 each, the first to be received on his 50th birthday, if nominal interest is 6% compounded semi-annually? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132151201

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