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The Walters accumulated $ 2 5 6 0 0 0 during more than 4 0 years of work They originally deposited this money in a

The Walters accumulated $256000 during more than 40 years of work They originally deposited this money in a 5-year time deposit earning 5% and used the income for living expenses on renewing the time deposit they found that interest rates on a 5 year time deposit had fallen and that they were going to receive only 2% Find the difference in their annual income due to the decline in interest rates

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