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Answer is d please show all steps with formula. 14. Deposits of $4,000 will be made at the beginning of each year for 25 years.
Answer is d please show all steps with formula.
14. Deposits of $4,000 will be made at the beginning of each year for 25 years. At the end of the 26th year, withdrawals will start and will go on forever. If the quoted rate is 7% per year, what is the amount of the withdrawal? a. 3,491.41 b. 3,262.00 c. 18,949.41 N=25 3/4 = 7%- d 17,709.73 e. None of the above PMT= 4000 Step by Step Solution
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