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Nezavi [6.7K]
3 years ago
12

You want to be able to withdraw $800 from a savings account at the end of year 1, $900 at the end of year 2, $1,000 at the end o

f year 3, and so on over a total of 5 years. How much money must be on deposit right now, at the end of year 0, to just deplete the account after the 5 withdrawals if interest is 5% compounded annually
Business
1 answer:
Verdich [7]3 years ago
8 0
That answer is $1300
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The missing word in the blank is :

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