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A sum of $25,000 is deposited into a savings account that pays 8% interest compounded semiannually. Equal annual withdrawals are to be made from the account, beginning 1 year from now and continuing forever. The Maximum amount that can be withdrawn at the end of each year is approxiamtely equal to_______.

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M9498663

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