A young couple receive an inheritance of 72000 that they


Question: A young couple receive an inheritance of $72,000 that they want to set aside for a college fund for their two children. How much will this provide at the end of each half-year for a period of 9 years if it is deferred for 11 years and can be invested at 7.3%, compounded semiannually?

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Engineering Mathematics: A young couple receive an inheritance of 72000 that they
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