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PLEASE DO THIS IN EXCEL #9 You are going to withdraw $600 at the end of each year for the next four years from an
PLEASE DO THIS IN EXCEL
#9 You are going to withdraw $600 at the end of each year for the next four years from an account
that pays interest at a rate of 6 percent compounded annually. The account balance will reduce
to zero when the last withdrawal is made. How much interest will you earn on the account over
the four-year life?
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