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What is the amount of 10 equal annual deposits that can provide five annual withdrawals, when a first withdrawal of $2,000 is made at the end of year 11 and subsequent withdrawals increase at the

 What is the amount of 10 equal annual deposits that can provide five annual withdrawals, when a first withdrawal of $2,000 is made at the end of year 11 and subsequent withdrawals increase at the rate of 5% per year over the previous year's rate if: a) the interest rate is 7% compounded annually? b) the interest rate is 5% compounded annually?

Apr 16 2021 View more View Less

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