In Problem 126, what uniform annual investment is required to achieve the same account balance? Data from

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In Problem 126, what uniform annual investment is required to achieve the same account balance?

Data from problem 126

On Juan’s twenty-sixth birthday, he invested $7,500 in a retirement account. Each year thereafter, he deposited 8 percent more than the previous deposit. The account paid annual compound interest of 5 percent. How much was in the account immediately after his thirty-fifth deposit?

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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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