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Show formular in excel language Interest rate of a savings account is 1.2 % source tax is 30%). Annually for five years, always in the
Show formular in excel language
Interest rate of a savings account is 1.2 % source tax is 30%). Annually for five years, always in the beginning of each year a withdrawal of 2500 is me A B C D F G H Interest rate of a savings account is 1.2 % (source tax is 30%). Annually for five years, always in the beginning of each year a withdrawal of 2500 is made. The first withdrawal is made in the beginning of 2017. Calculate how much there should be in the account in the beginning of 2017 to be able to do the withdrawals. Assume that there is no money left after the last withdrawal. Payment Number of payments Interest rate Source tax Net interest rate Present valueStep by Step Solution
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