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Diana is 7 years away from retirement and wants to have a total of $125,000 saved by then. She expects to earn 9% compounded semiannually
Diana is 7 years away from retirement and wants to have a total of $125,000 saved by then. She expects to earn 9% compounded semiannually on her investments. IF she currently has $50,000 saved, how much should she invest at the beginning of each six month period until retirement to meet her goal?
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To solve this problem we need to determine the amount Diana should invest at the beginning of each sixmonth period also known as an annuity due to rea...
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