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How much should Colin put into an account today that earns 6.5 percent per year if he wants to be able to withdraw $900 annually
How much should Colin put into an account today that earns 6.5 percent per year if he wants to be able to withdraw $900 annually for 10 years starting today (t=0), then $3500 annually for the next 9 years, then $7000 annually for the next 10 years, and then $6500 annually for the next 10 years? (Use NPV on calculator).
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