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16 Vijai is 23 years old today. He plans to deposit a certain amount into his account today (t = 0) and on each birthday
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Vijai is 23 years old today. He plans to deposit a certain amount into his account today (t = 0) and on each birthday until he turns 65. He plans to withdraw $100,000 per year on each birthday beginning when he is 66 and ending when he is 89. If Vijai's retirement account pays interest of 7% p.a., each deposit has to be exactly Step by Step Solution
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