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Question 4 (5 marks) 1 W w tw tw i = 8% per year, comp. quarterly You deposit $5,000 in a bank paying 8% per
Question 4 (5 marks) 1 W w tw tw i = 8% per year, comp. quarterly You deposit $5,000 in a bank paying 8% per year nominal interest, compounded quarterly. You want to withdraw the money in five equal yearly sums, beginning Dec. 31 of the first year. How much should you withdraw each year? $5,000
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