You want to be able to withdraw $ 800 $ 800 from a savings account at the

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

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Principles Of Engineering Economic Analysis

ISBN: 9781118163832

6th Edition

Authors: John A. White, Kenneth E. Case, David B. Pratt

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