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You have deposited $21,618 into a special account that has a guaranteed interest rate of 18% per year. If you are willing to completely exhaust
You have deposited $21,618 into a special account that has a guaranteed interest rate of 18% per year. If you are willing to completely exhaust the account, what is the maximum amount that you could withdraw at the end of the next 9 years? Select the amount below that is closest to your answer. (Ignore income taxes)
Show your work. (a) $5,024 (b) $7,080 (c) $2,402 (d) $2,834
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