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(Present value of complex cash flows) How much do you have to deposit today so that beginning 11 years from now you can withdraw $14,000
(Present value of complex cash flows) How much do you have to deposit today so that beginning 11 years from now you can withdraw $14,000 a year for the next 7 years (periods 11 rough 17) plus additional amount of $28,000 in the last year (period 17? Assure an interest rate of 6 percent.
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