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John deposits a single sum of money in a savings account that pays 5% compounded annually. How much must he deposit in order to withdraw

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John deposits a single sum of money in a savings account that pays 5% compounded annually. How much must he deposit in order to withdraw exist2000 yr for 5 years, with the first withdrawal occurring 2 years after the deposit? Consider the following cash flow diagram. What is the value of X if the present worth of the diagram is exist500 and the interest rate is 10% compounded annually

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