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Show all the steps and formulas pls 6 . Lincoln Benefit Life offered an orclinary annuity that earned 6 . 5 % compounded annually. A
Show all the steps and formulas pls
Lincoln Benefit Life offered an orclinary annuity that earned compounded annually. A person plans to make equal annual deposits into this account for years in order to then make equal annual withdrawals of $ reducing the balance in the account to zero.
A How much must be deposited annually to accumulate sufficient funds to provide for these payments?
B How much total intorest is earned during this entire year process?
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