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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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