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answer the following questions giving the infomrtation below about your employment history and your future cash needs ( assuming a 1 0 percent discount rate

answer the following questions giving the infomrtation below about your employment history and your future cash needs
(
assuming a
1
0
percent discount rate throughout
)
: Today is your
2
5
th birthday, and starting exactly, and starting exactly
1
year after your were born, your grandmother deposited $
1
0
0
0
into an account on your birthday
(
including today, your
2
5
th birthday
)
-
this is the last of those deposits. In addition, you are going to begin depositing $
5
0
,
0
0
0
(
beginning today
-
2
5
th birthday
)
into this acount. You will deposit this constant amount each year
(
beginning today
)
for the next
2
8
years
(
that is
,
today plus
2
8
more deposits
)
.
Exactly
3
years after the last deposit, you want to withdraw a constant amount per year for a total of
3
0
years
(
that is
,
there will be
3
0
total withdrawls
)
.
If you want a
0
balance in your account immediately after the last withdrawl
,
what is the amount of each of the constant amounts being withdrawn?

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