The amount of money a person must deposit 3 years from now in order to withdraw $10,000

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The amount of money a person must deposit 3 years from now in order to withdraw $10,000 per year for 10 years beginning 15 years from now at an interest rate of 10% per year is closest to:
(a) $15,500
(b) $17,200
(c) $19,300
(d) $21,500

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Engineering economy

ISBN: 978-0073376301

7th Edition

Authors: Leland Blank, Anthony Tarquin

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Question Posted: Dec 17, 2012 05:38 AM

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The amount of money a person must deposit 3 years from now in order to withdraw $10,000

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Engineering economy

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