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If you desire to withdraw the following amounts over the next five years from a savings account that earns 7% interest compounded annually. how much

If you desire to withdraw the following amounts over the next five years from a

savings account that earns 7% interest compounded annually. how much do you

need to deposit now? Draw the cash flow diagram

year 1-2000, year 2-3000, year 2-6000, year 4-8000

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