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A contractor purchased an equipment with a guarantee for 3 years so he deposited $10,000 in the bank to cover the total maintenance cost. He

A contractor purchased an equipment with a guarantee for 3 years so he deposited $10,000 in the bank to cover the total maintenance cost. He will start withdrawing the maintenance cost of $ 1000 by the end of the 3rd year for 5 years. What will be the remaining amount in the bank at the end of the 10th year from now assuming the bank pays 6 percent compounded annually?

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