Question
Grandparents are saving money for their grandchild's education.They deposit ($3000) at the end of each year for 18 years.Starting at the end of year 17,
Grandparents are saving money for their grandchild's education.They deposit ($3000) at the end of each year for 18 years.Starting at the end of year 17, X dollars are withdrawn each year, for 4 years, leaving the account empty.At 4% interest, what is X?
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Macroeconomics Principles Applications and Tools
Authors: Arthur O'Sullivan, Steven Sheffrin, Stephen Perez
9th edition
978-0134089027, 134089022, 978-0134420684
