How much must be invested now at 6.5% per year compounded quarterly, to fund an annuity of 15 quarterly payments of $500 each, the first payment being three months after the initial investment?

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The Answer of How much must be invested now at 6.5% per year compounded quarterly, to fund an annuity of 15 quarterly payments of $500 each, the first payment being three months after the initial investment?

How Much Must Be Invested Now at 6