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You are considering investing in a bank account that pays a yearly interest rate of 6.35%. If you wish to withdraw $8,550.89 from this account
| You are considering investing in a bank account that pays a yearly interest rate of 6.35%. If you wish to withdraw $8,550.89 from this account every period, forever, how much must you place into the account today? |
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Essential Mathematics For Economic Analysis
Authors: Knut Sydsaeter, Peter Hammond, Arne Strom
4th Edition
0273760688, 9780273760689
