Question: A couple received a $134,000 inheritance the year they turned 48 and invested it in a fund that earns 7.7% compounded semiannually. If this amount

A couple received a $134,000 inheritance the year they turned 48 and invested it in a fund that earns 7.7% compounded semiannually. If this amount is deferred for 14 years (until they retire), how much will it provide at the end of each half-year for the next 20 years after they retire?

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