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If you desire to withdraw the following amounts over the next five years from a saving account that earns 8% interest compounded annually, how much
If you desire to withdraw the following amounts over the next five years from a saving account that earns 8% interest compounded annually, how much would be the equivalent amount that you would have to deposit?
N | Amount |
2 | $32,000 |
3 | $43,000 |
4 | $46,000 |
5 | $28,000 |
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