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Cash Flow with complete label What is the amount of 10 equal annual deposits that can provide five annual withdrawals, when a first withdrawal of
Cash Flow with complete label
What is the amount of 10 equal annual deposits that can provide five annual withdrawals, when a first withdrawal of $3,000 is made at the end of year 11, and subsequent withdrawals will increase by $200 over the previous years, if the interest rate is 8% compounded annually?
Answer: $ Blank 1
Note: Do not round in between solution. Final answer round to the nearest whole number
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