Question: show all steps, do not solve on excel please 5. An education fund of $20,000 provides a payment of $1000 every six months starting immediately.

show all steps, do not solve on excel please

5. An education fund of $20,000 provides a payment of $1000 every six months starting immediately. If the fund balance is not able to pay $1000 at any of the future payment dates, it will pay whatever left in the fund. Calculate the number of payments, and the final payment to exhaust the fund, if i(2)=6%

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