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A fund earning 7% effective is being accumulated with payments of $1000 at the beginning of each year for 25 years. Find the maximum number
A fund earning 7% effective is being accumulated with payments of $1000 at the beginning of each year for 25 years. Find the maximum number of withdrawals of $8000 that can be made at the ends of year provided that once the withdrawals start they must continue through the end of the 25-year period.
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