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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
percent discount rate throughout
: Today is your
th birthday, and starting exactly, and starting exactly
year after your were born, your grandmother deposited $
into an account on your birthday
including today, your
th birthday
this is the last of those deposits. In addition, you are going to begin depositing $
beginning today
th birthday
into this acount. You will deposit this constant amount each year
beginning today
for the next
years
that is
today plus
more deposits
Exactly
years after the last deposit, you want to withdraw a constant amount per year for a total of
years
that is
there will be
total withdrawls
If you want a
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what is the amount of each of the constant amounts being withdrawn?
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