Question: Six months from today , you wish to begin making an infinite series of semiannual withdrawals of $600 each from an account that offers an

Six months from today, you wish to begin making aninfiniteseries ofsemiannualwithdrawals of$600each from an account that offers an annual stated rate of interest,r = 10 percent compounded semiannually.To make this possible you plan to make a single deposittoday, at the beginning of year one.What must be the amount of this deposit?

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