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How much must you deposit at the end of each of the next 14 years so that beginning fifteen years from now, you can withdraw
How much must you deposit at the end of each of the next 14 years so that beginning fifteen years from now, you can withdraw $10,000 a year for the next six years (periods 15 through 20)? Assume an interest rate of 6% compounded annually.
a. $2,112.62
b. $3,512.37
c. $2,855.09
d. $2,339.90
e. $3,333.33
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