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You are planning for your retirement. Your first retirement payment will arrive 15 years from now. To pay for this, you will make five payments
You are planning for your retirement. Your first retirement payment will arrive 15 years from now. To pay for this, you will make five payments of $A annually beginning now and four annual payments of $2A with the first payment thirteen years from now.
With an interest rate of 8%, what is the value for A?
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