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An investor deposits $75,000 annually for 10 years at each yearend.At the end of the eleventh year the investor starts to withdraw from the account for 25 years,with the payments increasing at 6% per year (a geometric series). The first withdrawal payment is $175,000. Calculate the required IRR for the deposits to provide for the withdrawals. Please show all your work and calculations without excel.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92810492

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