Annual withdrawals are made from an investment fund, starting with $5000 and decreasing (negative growth) by 5%
Question:
(a) What will be the size of the 15th withdrawal? (Let k = -5%)
(b) What will be the total amount withdrawn
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Related Book For 
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0133052312
10th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
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