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93. You want to be able to withdraw $800 from a savings account at the end of year 1, $900 at the end of year
93. You want to be able to withdraw $800 from a savings account at the end of year 1, $900 at the end of year 2, $1,000 at the end of year 3, and so on over a total of 5 years. How much money must be on deposit right now, at the end of year 0, to just deplete the account after the 5 withdrawals if interest is 5 percent compounded annually 95. A small company wishes to set up a fund that can be used for technology purchases over the next 6 years. Their forecast is for $12,000 to be needed at the end of year 1, decreasing by $2,000 each year thereafter. The fund earns 8 percent per year. How much money must be deposited to the fund at the end of year 0 to just deplete the fund after the last withdrawal
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