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What amount must be deposited today into an account which offers 10% compounded annually if you wish to make a series of annual withdrawals forever,
What amount must be deposited today into an account which offers 10% compounded annually if you wish to make a series of annual withdrawals forever, starting, one year from today which alternate as follows:$50, $100, $50, $100, That is ,the first withdrawal, one year from today ,is $50, the second withdrawal, two years from today, is $100, and this pattern repeats forever.
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