A man wishes to accumulate a small pension by depositing 2500 at the beginning of each year
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A man wishes to accumulate a small pension by depositing 2500 at the beginning of each year for 25 years. Starting at the end of the year in which the final deposit is made, he will make 20 annual withdrawals. Find the amount of each withdrawal, if / = .07 during the first 25 years and / = .11 thereafter.
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Related Book For 
Theory Of Interest And Life Contingencies With Pension Applications A Problem Solving Approach
ISBN: 978-1566983334
3rd Edition
Authors: Asa Michael M. Parmenter, Ph.d.
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