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Calculations and the equations used to solve this question will be best thank you! You have a 5,000 balance in an account earning a 4.5%
Calculations and the equations used to solve this question will be best thank you!
You have a 5,000 balance in an account earning a 4.5% annual effective rate. You want to increase your balance to 20,000 at the end of 12 years by making a level deposit of D at the beginning of each of the next 12 years. Find D, the required level annual deposit
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