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Henry Cisco is planning to make two deposits: $25,000 now and $30,000 at the end of year 6. He wants to withdraw C each year
"Henry Cisco is planning to make two deposits: $25,000 now and $30,000 at the end of year 6. He wants to withdraw C each year for the first six years and (C + $1000) each year for the next six years. Determine the value of C if the deposits earn 8% interest compounded annually
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