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You have invested $100,000 in an account at your local bank. The bank will pay you a constant amount each year for 6 years, starting
You have invested $100,000 in an account at your local bank. The bank will pay you a constant amount each year for 6 years, starting one year from today, and the account's balance will be 0 at the end of the sixth year. If the bank has promised you a 10% return, how much will they have to pay you each year? Short Answer Toolbar navigation
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