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Suppose you have deposited $ 1 0 , 0 0 0 in your high - yield saving account today. The savings account pays an annual
Suppose you have deposited $ in your highyield saving account today. The savings account pays an annual interest rate of compounded semiannually. Two years from today you will withdraw X dollars. You will continue to make additional withdraws of X dollars every months, until you have a zero balance after your last withdrawal years from now. Find X
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