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please show all steps 4. A company deposits $20000 in a bank at the end of every year for 10 years, The company makes no
please show all steps
4. A company deposits $20000 in a bank at the end of every year for 10 years, The company makes no subsequent payment for the next 8 years but withdraws $25000 at the end of 18 years. How much would be in the account at the end of 20 years? The bank pays 8% interest compounded annually. (ii) How much annual deposit should be made if your goal is to have $25,000 at the end of 20 yearsStep by Step Solution
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