Brenda deposits 7000 in a bank account. Three years later, she withdraws 5000. Two years after that,
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Brenda deposits 7000 in a bank account. Three years later, she withdraws 5000. Two years after that, she withdraws an additional 3000. One year after that, she deposits an additional 4000. Assuming / = .06, and that no other deposits or withdrawals are made, how much is in Brenda' s account ten years after the initial deposit is made?
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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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