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A person establishes a sinking fund for retirement by contributing $5,000 per year at the end of each year for 5 years. For the next
A person establishes a sinking fund for retirement by contributing $5,000 per year at the end of each year for 5 years. For the next 10 years, equal yearly payments are withdrawn, at the end of which time the account will have a zero balance. If money is worth 4% compounded annually, what yearly payments will the person receive for the last 10 years?
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