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3) If you'deposit $10,000 today in a bank that pays 5% per year, how much can you withdraw each year, in equal amounts, starting 4

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3) If you'deposit $10,000 today in a bank that pays 5% per year, how much can you withdraw each year, in equal amounts, starting 4 years from now, such that you will have a zero balance at the time of your last withdrawal in 2014? (Assume today, the year is 2006.) [Hint: You really need to draw a time line here.]

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