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[11pt] Mr. John plans to make equal annual deposits into this account for 25 years in order to them make 20 equal annual withdrawals of
[11pt] Mr. John plans to make equal annual deposits into this account for 25 years in order to them make 20 equal annual withdrawals of $25,000 reducing the balance in the amount to zero. An annuity that earned 6.5%. How much must be deposited annually to accumulate sufficient funds to provide for these payments? How much total interest is earned during this entire 45-years process
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