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26 February, 15:42

County Squire Electrical lost a lawsuit and must pay the injured party $35,000 at the end of each semiannual period for 2 years. If the funds earn 4, per year compounded semiannually, find the amount that needs to be set aside today to fulfill this obligation.

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  1. 26 February, 18:21
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    25,000
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