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You wish to have $200,000 at the end of twenty years. In the last five years, you withdraw $1,000 annually. During the middle ten years,
You wish to have $200,000 at the end of twenty years. In the last five years, you withdraw $1,000 annually. During the middle ten years, you contribute $500 annually. Given this information, determine the initial deposit that has to be made at the end of each of the first five years at an interest rate of 4%. (This is a challenging question, don't go overtime on it.)
Select one:
A.$23,056.65
B.$12,056.65
C.$21,056.65
D.$10,056.65
E.$20,309.89
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