On the day Cecilia was born, her grandmother made an investment in a fund that was growing

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On the day Cecilia was born, her grandmother made an investment in a fund that was growing at 6.75% compounded quarterly. How much was invested in the fund to enable annual withdrawals of $10,000 for five years starting from Cecilia's 18th birthday?

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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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