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How much do you have to deposit today so that beginning 11 years from now you can withdraw 10,000 a year for the next 5
How much do you have to deposit today so that beginning 11 years from now you can withdraw 10,000 a year for the next 5 years (periods 11 through 15) plus an additional amount of 20,000 in the last year (period 15) Assume an interest rate of 6 percent. The amount of money you have to deposit today is _________. (Round to the nearest cent)
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