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7. Luis wishes to accumulate $5000 in todays dollars in 7 annual deposits beginning immediately with the deposits earning 6% after-tax rate of return with
7. Luis wishes to accumulate $5000 in todays dollars in 7 annual deposits beginning immediately with the deposits earning 6% after-tax rate of return with an inflation rate of 4%.
What will be the size of his:
a) First deposits?
b) Second deposits?
**Ps.: Please double check your answer. I have been getting wrong answers on here very often. Thanks for your time!**
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