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13. You are going to withdraw $1,000 at the end of each year for the next three years from an account that pays interest

13. You are going to withdraw $1,000 at the end of each year for the next three years from an account that pays interest at a rate of 8% compounded annually. The account balance will reduce to zero when the last withdrawal is made. How much interest will you earn on the account over the three year life?

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