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(9) Five years from today, at the end of year five , you wish to begin making an infinite series of annual withdrawals of $500

(9) Five years from today,at the end of year five, you wish to begin making aninfiniteseries ofannualwithdrawals of$500each from an account that offers an annual stated rate of interest, r, equal to10 percent compounded semiannually.To make this possible you plan to make a single deposittoday, at the beginning of year one.What must be the amount of this deposit?

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