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In order to help you through college, your parents just deposited $25,000 into a bank account paying 12% interest. Starting tomorrow, you plan to
In order to help you through college, your parents just deposited $25,000 into a bank account paying 12% interest. Starting tomorrow, you plan to withdraw equal amounts from the account at the beginning of each of the next five years. What is the MOST you can withdraw annually?
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Foundations of Finance The Logic and Practice of Financial Management
Authors: Arthur J. Keown, John D. Martin, J. William Petty
8th edition
132994879, 978-0132994873
