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pls show work asap!!! You want to withdraw $12,000 from a savings account at the end of year 1, with withdrawals increasing by 6% each
pls show work asap!!!
You want to withdraw $12,000 from a savings account at the end of year 1, with withdrawals increasing by 6% each year thereafter over a total of 10 years. How much money must be on deposit right now, at the end of year 0, to just deplete the account after the 10 withdrawals? Assume an interest rate is 10% compounded annually. You must use TVOM factorsStep by Step Solution
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