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Problem 1: What is the amount of 10 equal annual deposits that can provide five annual withdrawals, when a first withdrawal of $2,000 is made
Problem 1: What is the amount of 10 equal annual deposits that can provide five annual withdrawals, when a first withdrawal of $2,000 is made at the end of year 11 and subsequent withdrawals increase at the rate of 5% per year over the previous year's rate if: a) the interest rate is 7% compounded annually? b) the interest rate is 5% compounded annually
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