What amount has to be invested now into the savings account, Financial Accounting

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What amount has to be invested now into the savings account

Problem

Thomas is planning to withdraw $6000 from a savings account at the end of each quarter for four years. If the payments are deferred for five years and interest is 5.94% compounded semi-annually, what amount has to be invested now into the savings account?

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Financial Accounting: What amount has to be invested now into the savings account

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Financial Accounting: What amount has to be invested now into the savings account

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