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Problem 6 (15 marks) A series of 30 end of year deposits is made that begins with $2,000 at the end of year 1 and
Problem 6 (15 marks) A series of 30 end of year deposits is made that begins with $2,000 at the end of year 1 and increases at the rate of $400 per year with a 11% interest rate compounded annually. a. What amount can be withdrawn at t = 30? b. What uniform annual series of deposits (n = 30) would result in the same accumulated balance at t = 30
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