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withdrawals Deposits of 1000 are placed into a fund at the beginning of each year for 30 years. At the end of the 40th year,
"withdrawals"
Deposits of 1000 are placed into a fund at the beginning of each year for 30 years. At the end of the 40th year, annual withdrawals commence and continue forever. Interest is at an effective annual rate of 5%. Calculate the annual withdrawal Step by Step Solution
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Money Talks Explaining How Money Really Works
Authors: Nina Bandelj ,Frederick F. Wherry ,Viviana A. Zelizer
1st Edition
0691202893, 978-0691202891
