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Billy plans to withdraw $500 at the end of every 3-months for 14-years from a fund....

Billy plans to withdraw $500 at the end of every 3-months for 14-years from a fund. He wants to make his first withdrawal 3-months from today. How much does Billy have to deposit today if interest is earned at j4 = 9% for the first 6-years and j4=5% for the last 8-years?

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