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A woman worked for 25 years before retiring. At the end of the first year of employment she deposited 50 into an account for her

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A woman worked for 25 years before retiring. At the end of the first year of employment she deposited 50 into an account for her retirement. At the end of each subsequent year of employment, she deposited 3% more than the prior year. The woman made a total of 25 deposits She will withdraw 200 at the beginning of the first year of retirement and will make annual withdrawals at the beginning of each subsequent year for a total of 25 withdrawals. Each of these subsequent withdrawals will be 3% more than the prior year. The final withdrawal depletes the account The account earns a constant annual effective interest rate Calculate the account balance after the final deposit and before the first withdrawal. 3,006 3.639 3,653 4,021 4046

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