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What exact amount will gretta need in 13 years

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Gretta wants to retire in 13 years. At that time she wants to be able to withdraw $12,500 at the end of each 6 months for 7 years. Assume that money can be deposited at 8% per year compounded semiannually. What exact amount will Gretta need in 13 years?

Reference no: EM132540541

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