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Tim plans to save $31000 per year for 6 years. His first savings contribution is expected in 1 year. He then plans to withdraw $57000
Tim plans to save $31000 per year for 6 years. His first savings contribution is expected in 1 year. He then plans to withdraw $57000 per year for as long as he can. He expects to earn 9.70 percent per year. How many payments of $57000 can Tim expect to receive if his first annual payment of $57000 is received in 6 years?
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