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You want to quit your job and return to school for an MBA degree 3 years from now, and to save $5,900 per year ,
You want to quit your job and return to school for an MBA degree 3 years from now, and to save $5,900 per year , beginning immediately. You will make 3 deposits in an account that you plan pays 5.2% interest. Under these assumptions, how much will you have 3 years from today? $21,173.88 $17,840.95 $23,330.48 $19,605.44 $19,801.50 QUESTION 10 4 point Your uncle has $280,000 invested at 7.5%, and he now wants to retire. He wants to withdraw $35,000 at the end of each year, starting at the end of this year. He also wants to have $25,000 left to give you when he ceases to withdraw funds from the account. For how many years can he make the $35,000 withdrawals and still have $25,000 left in the end? 10.31 13.39 15.67 15.80 14.19
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