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Sarah deposits $1000 in a savings account; 5 years after the deposit, half of the account balance is withdrawn. $2000 is then deposited annually for 4 years, with the first deposit occurring 2 years after the withdrawal. The total balance is withdrawn 15 years after the initial deposit, if the account earned interest of 8% compounded annually over the 15 year period, how much was withdrawn at each withdrawal point?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92794347

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