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(Solved): Shageer is setting up a fund for his grandsons education. He wants his grandson to be able to wit ...



Shageer is setting up a fund for his grandson’s education. He wants his grandson to be able to withdraw $3,000 every three months for three years after he starts university. His first withdrawal will be 5.5 years from now. If the fund can earn 7.2% compounded quarterly, what single amount contributed today will provide for the withdrawal?



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