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Perpetuities and Time Shift 6.(10 points). a) How much must be deposited today into an account earning 4% interest annually to support an annual

Perpetuities and Time Shift 6.(10 points). a) How much must be deposited today into an account earning 4% interest annually to support an annual withdrawal of $1,750 a year in perpetuity? b) What if the first withdrawal starts at the end of year 7? Method: Factors or interest formulas

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