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Please no excel answers! Derek wants to withdraw $ 1 0 , 5 9 4 . 0 0 from his account 8 . 0 0
Please no excel answers!
Derek wants to withdraw $ from his account years from today and $ from his account years from today. He currently has $ in the account. How much must he deposit each year for the next years? Assume a interest rate. His account must equal zero by year but may be negative prior to that.
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