Suppose I want to be able to withdraw $5,000 at the end of five years and withdraw
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Suppose I want to be able to withdraw $5,000 at the end of five years and withdraw $6,000 at the end of six years, leaving a zero balance in the account after the last withdrawal. If I can earn 5% on my balances, how much must I deposit today to satisfy my withdrawals needs?
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Related Book For 
Foundations And Applications Of The Time Value Of Money
ISBN: 9780470407363
1st Edition
Authors: Pamela Peterson Drake, Frank J. Fabozzi
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