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3. If you put $100,000 into an account that pays 4.5% annual interest, and you plan to withdraw $5,000 at the end of each year
3. If you put $100,000 into an account that pays 4.5% annual interest, and you plan to withdraw $5,000 at the end of each year (and make no deposits), how many years until the account is empty? (Use MS Excel to solve the problem; Column titles: Year, Amount Added to Account, Interest From Last Years Account Balance, End-of-Year Account Balance.)
4. Use the Least Common Multiple approach to determine which alternative is better (Options A \& B). - Draw the cash-flow diagram repetitions on the existing diagram already provided. - Solve for PWA and PWB. 4. Use the Least Common Multiple approach to determine which alternative is better (Options A \& B). - Draw the cash-flow diagram repetitions on the existing diagram already provided. - Solve for PWA and PWBStep by Step Solution
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