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Attempts 0 Keep the Highest 0 2 1 0 . Problem 5 . 3 1 ( Required Lump Sum Payment ) eBook in a bank
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Keep the Highest
Problem Required Lump Sum Payment
eBook in a bank paying annual interest, which will provide the needed $ payments.
a How large must the deposit be Do not round intermediate calculations. Round your answer to the nearest cent.
$
b How much will be in the account immediately after you make the first withdrawal? Do not round intermediate calculations. Round your answer to the nearest cent.
$
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