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Henry Cisco is planning to make two deposits: $ 2 5 , 0 0 0 now and $ 3 0 , 0 0 0 at
Henry Cisco is planning to make two deposits: $ now and $ at the end of year He
wants to withdraw at the end of each year for the first six years and each year for the next six
years. Determine the value of C if the deposits earn interest compounded annually.
At what rate of interest compounded annually will an investment double in five years?
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