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Answer the following questions given the information below about your employment history and your future cash needs ( assuming a 1 0 % discount rate

Answer the following questions given the information below about your employment history and your future cash needs (assuming a 10% discount rate throughout):
Today is your 25th birthday, and starting exactly 1 year after you were born, your grandmother deposited $1,000 into an account on your birthday (including today, your 25th birthday) this is the last of those deposits. On your 22nd birthday, you added $5,000 to the account and have added 8% more on each birthday (including your 25th birthday, this year) this is the last of those deposits. In addition, you are going to begin depositing $50,000(beginning today your 25th birthday) into this account. You will deposit this constant amount each year (beginning today) for the next 28 years (that is, today plus 28 more deposits). Exactly 3 years after the last deposit, you want to withdraw a constant amount per year for a total of 30 years (that is, there will be 30 total withdrawals).
If you want a zero balance in your account immediately after the last withdrawal what is the amount of each of the constant amounts being withdrawn?
Use PV and RATE Excel functions to solve this problem

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