Question: thomas is planning to withdraw $ 7 0 0 0 from a savings account at the end of each quater for 3 years. If the

thomas is planning to withdraw $7000 from a savings account at the end of each quater for 3 years. If the payments are deferred for six years and interest is 5.90% compounded semianually, what amount has to be invested now into the savings account?

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