Question
How much money should be deposited annually in a bank account for five years if you wish to withdraw $3,500 each year for three years,
How much money should be deposited annually in a bank account for five years if you wish to withdraw $3,500 each year for three years, beginning five years after the last deposit? The interest rate is 2% per year.
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Microeconomics Principles, Problems and Policies
Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn
20th edition
978-0077660819, 77660811, 978-1259450242
