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PLEASE HELP ( please try to get an answer close to Ans. $ 1 6 7 8 8 4 . 4 9 ) 5 .

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5.21 Repeat Problem 2.32(a) for continuous compounding. Ans. $167884.49
2.32= Ms. Frank is planning for a 25-year retirement period and wishes to withdraw a portion of her savings at the end of each year. She plans to withdraw $10000 at the end of the first year, and then to increase the amount of the withdrawal by $1000 each year, to offset inflation. How much money should she have in her savings account at the start of the retirement period, if the bank pays (a)9'10,(b)7:%, per year, compounded annually?

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