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A systems engineer named Allan is initiating a plan offering a 1 2 % interestrate compounded quarterly accumulates funds in an account over the next
A systems engineer named Allan is initiating a plan offering a interestrate compounded quarterly accumulates funds in an account over the next years to support a retirement plan that involves annual withdrawals commencing at end of th year. Initial withdrawal of $ with them increasing annually. Anticipates a yearly increase in annual income. During working career begin with deposit. at end of first year and increase deposit by each year.
a How much money Alan must have in retirement account. need initial deposit amount.
b amount of Allan's first deposit
c Determine future value of all Allan's withdrawals
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