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How much must you deposit at the end of each of the next 15 years so that beginning sixteen years from now, you can withdraw
How much must you deposit at the end of each of the next 15 years so that beginning sixteen years from now, you can withdraw $10,000 a year for the next five years (periods 16 through 20), plus an additional amount of $20,000 in the last year (period 20). Assume an interest rate of 6% compounded annually.
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