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Can you please answer this question using clear detailed steps? How much must be deposited in an account to have annual withdrawals of $ 2500

Can you please answer this question using clear detailed steps?

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How much must be deposited in an account to have annual withdrawals of $ 2500 forever? Interest is compounded quarterly and the interest rate is 9% for the first 13 years and 11 % thereafter. The answer is close to O 19931 O 25271 O 28700 O 23557 O More information is needed to answer this question Clear my choice

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