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Suppose your best friend opens a savings account today (time :) so that starting 6 years from now (in year 6) she can withdraw $150

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Suppose your best friend opens a savings account today (time :) so that starting 6 years from now (in year 6) she can withdraw $150 and then, every year after into perpetuity, she can increase the amount withdrawn by 2.50% with respect to the prior year. If the interest rate is 5.00%, how much does Your best friend has to deposit today (year ) so she can keep this schedule of withdrawals? $4,701.16 $2,238.65 $2,132.04 $5,303.13

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