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Annual withdrawals are made from an investment fund, starting with $5,000 and decreasing (negative growth) by 5% per year for 15 years. What will be
Annual withdrawals are made from an investment fund, starting with $5,000 and decreasing (negative growth) by 5% per year for 15 years. What will be the total amount withdrawn?(Hint: Let % = -5%.)
I need an answer by using the TI BA II calculator features (N, I/Y, PV, PMT, FV, AMORT) to solve questions whenever possible.
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