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How to calculate the remaining balance at the end of each year (please provide one example with an exact calculation)? Year Payout Remaining balance 0
How to calculate the remaining balance at the end of each year (please provide one example with an exact calculation)?
Year | Payout | Remaining balance |
0 | 0 | 1456.15 |
1 | 100.00 |
|
2 | 103.00 |
|
3 | 106.09 |
|
4 | 109.27 |
|
5 | 112.55 |
|
6 | 115.93 |
|
7 | 119.41 |
|
8 | 122.99 |
|
9 | 126.68 |
|
10 | 130.48 |
|
11 | 134.39 |
|
12 | 138.42 |
|
13 | 142.58 |
|
14 | 146.85 |
|
15 | 151.26 |
|
16 | 155.80 |
|
17 | 160.47 |
|
18 | 165.28 |
|
19 | 170.24 |
|
20 | 175.35 |
|
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