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O Part B (Please include a timeline diagram to show the cash flows.) You are 20 years old now and wish to provide for your
O Part B (Please include a timeline diagram to show the cash flows.) You are 20 years old now and wish to provide for your old age by depositing money in an investment account that pays a stated annual interest rate of 6%, compounded monthly. Your first deposit is in exactly one year and it is $5,000. You will increase your deposit by 5% per year till age 50. Beginning at age 51, you will tour the world for 5 years and will need $X per year at the start of each year. After you return from the tour, you will withdraw $50,000 per year for 15 years with the first withdrawal at age 56. O 1 Assuming the interest rate remains constant, what is the maximum amount of $X that you can consume each year during your world tour
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