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Answer the question.$100,000 was deposited in a savings account 8 years ago, and the account earned interest at the rate of 10% per year. Assuming
Answer the question.$100,000 was deposited in a savings account 8 years ago, and the account earned interest at the rate of 10% per year. Assuming the end-of-the-year convention, what is the amount of equal annual withdrawals that can be made to completely deplete the fund 15 years from now if the first withdrawal will be made one year from today
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