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3) (10 points) Your friend invests $50,000 today to pay for his business expansion over the next few years. He expects to withdraw $25,000 two

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3) (10 points) Your friend invests $50,000 today to pay for his business expansion over the next few years. He expects to withdraw $25,000 two years from now and the remaining amount four years from now. What is the amount of his second withdrawal if the fund is depleted after the second withdrawal? Use an annual interest rate of 10% compounded annually

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