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You have deposited $15, 228 in a special account that has a guaranteed rate of return. If you withdraw $3,000 at the end of each
You have deposited $15, 228 in a special account that has a guaranteed rate of return. If you withdraw $3,000 at the end of each year for 6 years, you will completely exhaust the balance in the account. The guaranteed rate of return is closest to: Click here to view Exhibit 13B-2 to determine the appropriate discount factor(s) using tables. 5% 6% 4% 7%
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