4-56. How much money should be deposited annually in a bank account for five years if you...

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4-56. How much money should be deposited annually in a bank account for five years if you wish to withdraw $5,000 each year for three years, beginning five years after the last deposit? The interest rate is 3% per year. (4.9)

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Engineering Economy

ISBN: 9780134870069

17th Edition

Authors: William Sullivan, Elin Wicks, C Koelling

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Question Posted: Oct 26, 2024 01:00 PM

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4-56. How much money should be deposited annually in a bank account for five years if you...

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Engineering Economy

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