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Recent sales of some real estate and record profits make it possible for a manufacturer...

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Finance

Recent sales of some real estate and record profits make it possible for a manufacturer to set aside $900,000 in a fund to be used for modernization and remodeling. How much can be withdrawn from this fund at the beginning of each half-year for the next 4 years if the fund earns 7.4%, compounded semiannually?

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